This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $72,912 initial cash invested.
-8.74%
Cash On Cash
5.18%
Cap Rate
0.78
DSCR
$2,234
Rent
-$531
Cashflow
Cash Flow
$2,234 income − $2,765 expenses = $531 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$2,765
Mortgage P&I
86%
$1,918
Property Taxes
7%
$158
Home Insurance
5%
$108
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0