This property looks like a bad Long-Term investment with a projected -5.48% first-year return on $73,752 initial cash invested.
-5.48%
Cash On Cash
6.06%
Cap Rate
0.89
DSCR
$2,551
Rent
-$337
Cashflow
Cash Flow
$2,551 income − $2,888 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,551
Total Expenses
$2,888
Mortgage P&I
78%
$1,982
Property Taxes
5%
$116
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0