This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $73,101 initial cash invested.
-13.36%
Cash On Cash
3.66%
Cap Rate
0.59
DSCR
$1,774
Rent
-$814
Cashflow
Cash Flow
$1,774 income − $2,588 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,774
Total Expenses
$2,588
Mortgage P&I
101%
$1,787
Property Taxes
12%
$214
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0