This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $73,038 initial cash invested.
-8.99%
Cash On Cash
4.75%
Cap Rate
0.76
DSCR
$2,370
Rent
-$547
Cashflow
Cash Flow
$2,370 income − $2,917 expenses = $547 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,038
Downpayment
20%
$69,560
Closing costs
1%
$3,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,370
Total Expenses
$2,917
Mortgage P&I
76%
$1,807
Property Taxes
8%
$188
Home Insurance
5%
$122
HOA
8%
$185
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0