This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $73,080 initial cash invested.
-7.64%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$2,302
Rent
-$465
Cashflow
Cash Flow
$2,302 income − $2,767 expenses = $465 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
$2,302
Total Expenses
$2,767
Mortgage P&I
83%
$1,906
Property Taxes
6%
$130
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0