This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $73,752 initial cash invested.
-9.93%
Cash On Cash
4.37%
Cap Rate
0.71
DSCR
$1,891
Rent
-$610
Cashflow
Cash Flow
$1,891 income − $2,501 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,891
Total Expenses
$2,501
Mortgage P&I
95%
$1,794
Property Taxes
5%
$89
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$113
Maintenance
5%
$95
Other
0%
$0