This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $73,752 initial cash invested.
-12.74%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$2,388
Rent
-$783
Cashflow
Cash Flow
$2,388 income − $3,171 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,388
Total Expenses
$3,171
Mortgage P&I
80%
$1,910
Property Taxes
22%
$515
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0