This property looks like a bad Long-Term investment with a projected -3.48% first-year return on $72,429 initial cash invested.
-3.48%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$2,568
Rent
-$210
Cashflow
Cash Flow
$2,568 income − $2,778 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,429
Downpayment
20%
$68,980
Closing costs
1%
$3,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,568
Total Expenses
$2,778
Mortgage P&I
73%
$1,885
Property Taxes
4%
$105
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0