This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $72,660 initial cash invested.
-11.94%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,327
Rent
-$723
Cashflow
Cash Flow
$2,327 income − $3,050 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,327
Total Expenses
$3,050
Mortgage P&I
81%
$1,883
Property Taxes
9%
$215
Home Insurance
6%
$145
HOA
9%
$202
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0