This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $72,660 initial cash invested.
-10.98%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$2,102
Rent
-$665
Cashflow
Cash Flow
$2,102 income − $2,767 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$346k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,660
Downpayment
20%
$69,200
Closing costs
1%
$3,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,102
Total Expenses
$2,767
Mortgage P&I
90%
$1,895
Property Taxes
10%
$204
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0