This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $73,773 initial cash invested.
-10.72%
Cash On Cash
4.53%
Cap Rate
0.71
DSCR
$2,321
Rent
-$659
Cashflow
Cash Flow
$2,321 income − $2,980 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,321
Total Expenses
$2,980
Mortgage P&I
81%
$1,870
Property Taxes
14%
$327
Home Insurance
6%
$138
HOA
2%
$42
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0