This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $72,870 initial cash invested.
-9.72%
Cash On Cash
4.82%
Cap Rate
0.76
DSCR
$2,911
Rent
-$590
Cashflow
Cash Flow
$2,911 income − $3,501 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,911
Total Expenses
$3,501
Mortgage P&I
63%
$1,839
Property Taxes
27%
$782
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0