This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $72,975 initial cash invested.
-14.57%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$1,763
Rent
-$886
Cashflow
Cash Flow
$1,763 income − $2,649 expenses = $886 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
$1,763
Total Expenses
$2,649
Mortgage P&I
106%
$1,868
Property Taxes
11%
$201
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0