This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $73,773 initial cash invested.
-12.15%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,221
Rent
-$747
Cashflow
Cash Flow
$2,221 income − $2,968 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,221
Total Expenses
$2,968
Mortgage P&I
86%
$1,911
Property Taxes
16%
$352
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0