This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $72,366 initial cash invested.
-8.26%
Cash On Cash
4.64%
Cap Rate
0.78
DSCR
$2,223
Rent
-$498
Cashflow
Cash Flow
$2,223 income − $2,721 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$345k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,366
Downpayment
20%
$68,920
Closing costs
1%
$3,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$2,721
Mortgage P&I
77%
$1,720
Property Taxes
14%
$302
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0