This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $73,143 initial cash invested.
-9.86%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$2,205
Rent
-$601
Cashflow
Cash Flow
$2,205 income − $2,806 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$2,806
Mortgage P&I
86%
$1,901
Property Taxes
10%
$216
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0