This property looks like a bad Long-Term investment with a projected -5.56% first-year return on $73,164 initial cash invested.
-5.56%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$2,479
Rent
-$339
Cashflow
Cash Flow
$2,479 income − $2,818 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,479
Total Expenses
$2,818
Mortgage P&I
77%
$1,907
Property Taxes
5%
$124
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0