This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $72,660 initial cash invested.
-14.09%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$2,367
Rent
-$853
Cashflow
Cash Flow
$2,367 income − $3,220 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,367
Total Expenses
$3,220
Mortgage P&I
80%
$1,895
Property Taxes
25%
$588
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0