This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $72,450 initial cash invested.
-4.62%
Cash On Cash
5.89%
Cap Rate
0.92
DSCR
$2,693
Rent
-$279
Cashflow
Cash Flow
$2,693 income − $2,972 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,693
Total Expenses
$2,972
Mortgage P&I
68%
$1,836
Property Taxes
12%
$314
Home Insurance
4%
$121
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0