This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $73,101 initial cash invested.
-11.31%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$2,463
Rent
-$689
Cashflow
Cash Flow
$2,463 income − $3,152 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,463
Total Expenses
$3,152
Mortgage P&I
78%
$1,917
Property Taxes
11%
$264
Home Insurance
5%
$126
HOA
8%
$205
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0