This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $73,668 initial cash invested.
-15.77%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$1,883
Rent
-$968
Cashflow
Cash Flow
$1,883 income − $2,851 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,668
Downpayment
20%
$70,160
Closing costs
1%
$3,508
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,883
Total Expenses
$2,851
Mortgage P&I
102%
$1,914
Property Taxes
17%
$320
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0