This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $73,080 initial cash invested.
-11.56%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$2,065
Rent
-$704
Cashflow
Cash Flow
$2,065 income − $2,769 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,065
Total Expenses
$2,769
Mortgage P&I
85%
$1,763
Property Taxes
17%
$348
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0