This property looks like a bad Long-Term investment with a projected -13.61% first-year return on $72,492 initial cash invested.
-13.61%
Cash On Cash
4.35%
Cap Rate
0.64
DSCR
$2,212
Rent
-$822
Cashflow
Cash Flow
$2,212 income − $3,034 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,212
Total Expenses
$3,034
Mortgage P&I
89%
$1,962
Property Taxes
17%
$374
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0