This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $73,731 initial cash invested.
-12.79%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$2,117
Rent
-$786
Cashflow
Cash Flow
$2,117 income − $2,903 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$2,903
Mortgage P&I
90%
$1,906
Property Taxes
15%
$323
Home Insurance
6%
$123
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0