This property looks like a bad Long-Term investment with a projected -5.08% first-year return on $72,450 initial cash invested.
-5.08%
Cash On Cash
6.02%
Cap Rate
0.91
DSCR
$2,721
Rent
-$307
Cashflow
Cash Flow
$2,721 income − $3,028 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,721
Total Expenses
$3,028
Mortgage P&I
70%
$1,901
Property Taxes
11%
$299
Home Insurance
4%
$121
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0