This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $71,925 initial cash invested.
-9.14%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$2,146
Rent
-$548
Cashflow
Cash Flow
$2,146 income − $2,694 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,925
Downpayment
20%
$68,500
Closing costs
1%
$3,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,146
Total Expenses
$2,694
Mortgage P&I
85%
$1,823
Property Taxes
9%
$192
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0