This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $73,710 initial cash invested.
-10.66%
Cash On Cash
4.74%
Cap Rate
0.73
DSCR
$2,586
Rent
-$655
Cashflow
Cash Flow
$2,586 income − $3,241 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,710
Downpayment
20%
$70,200
Closing costs
1%
$3,510
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,586
Total Expenses
$3,241
Mortgage P&I
74%
$1,913
Property Taxes
20%
$528
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0