This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $72,807 initial cash invested.
-8.49%
Cash On Cash
4.73%
Cap Rate
0.77
DSCR
$2,281
Rent
-$515
Cashflow
Cash Flow
$2,281 income − $2,796 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,807
Downpayment
20%
$69,340
Closing costs
1%
$3,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,281
Total Expenses
$2,796
Mortgage P&I
78%
$1,769
Property Taxes
14%
$315
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0