This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $72,723 initial cash invested.
-10.64%
Cash On Cash
4.17%
Cap Rate
0.69
DSCR
$1,852
Rent
-$645
Cashflow
Cash Flow
$1,852 income − $2,497 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,723
Downpayment
20%
$69,260
Closing costs
1%
$3,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,852
Total Expenses
$2,497
Mortgage P&I
95%
$1,756
Property Taxes
7%
$137
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0