This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $73,647 initial cash invested.
-12.2%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$1,874
Rent
-$749
Cashflow
Cash Flow
$1,874 income − $2,623 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,647
Downpayment
20%
$70,140
Closing costs
1%
$3,507
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,874
Total Expenses
$2,623
Mortgage P&I
101%
$1,884
Property Taxes
7%
$126
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0