This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $73,080 initial cash invested.
-15.67%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,101
Rent
-$954
Cashflow
Cash Flow
$2,101 income − $3,055 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$3,055
Mortgage P&I
91%
$1,912
Property Taxes
23%
$475
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0