This property looks like a bad Long-Term investment with a projected -4.56% first-year return on $73,752 initial cash invested.
-4.56%
Cash On Cash
5.79%
Cap Rate
0.92
DSCR
$2,716
Rent
-$280
Cashflow
Cash Flow
$2,716 income − $2,996 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,716
Total Expenses
$2,996
Mortgage P&I
68%
$1,838
Property Taxes
12%
$329
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0