This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $73,815 initial cash invested.
-11.57%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$2,929
Rent
-$712
Cashflow
Cash Flow
$2,929 income − $3,641 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,815
Downpayment
20%
$70,300
Closing costs
1%
$3,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$3,641
Mortgage P&I
66%
$1,937
Property Taxes
23%
$682
Home Insurance
4%
$124
HOA
5%
$137
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0