This property looks like a bad Long-Term investment with a projected -9.24% first-year return on $73,794 initial cash invested.
-9.24%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$2,062
Rent
-$568
Cashflow
Cash Flow
$2,062 income − $2,630 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,062
Total Expenses
$2,630
Mortgage P&I
88%
$1,813
Property Taxes
6%
$129
Home Insurance
6%
$133
HOA
1%
$19
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0