This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $72,975 initial cash invested.
-12.15%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$2,243
Rent
-$739
Cashflow
Cash Flow
$2,243 income − $2,982 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,975
Downpayment
20%
$69,500
Closing costs
1%
$3,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,243
Total Expenses
$2,982
Mortgage P&I
83%
$1,864
Property Taxes
18%
$413
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0