This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $72,660 initial cash invested.
-15.11%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$1,352
Rent
-$915
Cashflow
Cash Flow
$1,352 income − $2,267 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,352
Total Expenses
$2,267
Mortgage P&I
131%
$1,771
Property Taxes
2%
$23
Home Insurance
9%
$121
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$68
Vacancy
6%
$81
Maintenance
5%
$68
Other
0%
$0