This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $73,164 initial cash invested.
-11.53%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,092
Rent
-$703
Cashflow
Cash Flow
$2,092 income − $2,795 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,092
Total Expenses
$2,795
Mortgage P&I
91%
$1,904
Property Taxes
11%
$224
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0