This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $72,765 initial cash invested.
-15.57%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$1,865
Rent
-$944
Cashflow
Cash Flow
$1,865 income − $2,809 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,765
Downpayment
20%
$69,300
Closing costs
1%
$3,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,865
Total Expenses
$2,809
Mortgage P&I
101%
$1,883
Property Taxes
17%
$313
Home Insurance
7%
$129
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0