This property looks like a bad Long-Term investment with a projected -12.06% first-year return on $73,815 initial cash invested.
-12.06%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$2,265
Rent
-$742
Cashflow
Cash Flow
$2,265 income − $3,007 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,815
Downpayment
20%
$70,300
Closing costs
1%
$3,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,265
Total Expenses
$3,007
Mortgage P&I
84%
$1,912
Property Taxes
13%
$301
Home Insurance
6%
$126
HOA
4%
$80
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0