This property looks like a bad Long-Term investment with a projected -5.78% first-year return on $72,891 initial cash invested.
-5.78%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$2,674
Rent
-$351
Cashflow
Cash Flow
$2,674 income − $3,025 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,891
Downpayment
20%
$69,420
Closing costs
1%
$3,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$3,025
Mortgage P&I
71%
$1,903
Property Taxes
11%
$305
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0