This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $72,093 initial cash invested.
-12.32%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,018
Rent
-$740
Cashflow
Cash Flow
$2,018 income − $2,758 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$343k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,093
Downpayment
20%
$68,660
Closing costs
1%
$3,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,018
Total Expenses
$2,758
Mortgage P&I
92%
$1,850
Property Taxes
13%
$261
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0