This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $72,450 initial cash invested.
-12.67%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$1,885
Rent
-$765
Cashflow
Cash Flow
$1,885 income − $2,650 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,450
Downpayment
20%
$69,000
Closing costs
1%
$3,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,885
Total Expenses
$2,650
Mortgage P&I
100%
$1,889
Property Taxes
8%
$151
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0