This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $72,870 initial cash invested.
-9.34%
Cash On Cash
4.5%
Cap Rate
0.73
DSCR
$1,904
Rent
-$567
Cashflow
Cash Flow
$1,904 income − $2,471 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,904
Total Expenses
$2,471
Mortgage P&I
93%
$1,773
Property Taxes
4%
$82
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0