This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $72,996 initial cash invested.
-13.35%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$1,915
Rent
-$812
Cashflow
Cash Flow
$1,915 income − $2,727 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,996
Downpayment
20%
$69,520
Closing costs
1%
$3,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,915
Total Expenses
$2,727
Mortgage P&I
93%
$1,777
Property Taxes
16%
$311
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0