This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $72,450 initial cash invested.
-15.3%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$2,175
Rent
-$924
Cashflow
Cash Flow
$2,175 income − $3,099 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,175
Total Expenses
$3,099
Mortgage P&I
81%
$1,765
Property Taxes
30%
$647
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0