This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $72,492 initial cash invested.
-8.33%
Cash On Cash
4.78%
Cap Rate
0.78
DSCR
$2,301
Rent
-$503
Cashflow
Cash Flow
$2,301 income − $2,804 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,492
Downpayment
20%
$69,040
Closing costs
1%
$3,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,301
Total Expenses
$2,804
Mortgage P&I
77%
$1,762
Property Taxes
13%
$297
Home Insurance
5%
$122
HOA
1%
$25
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0