This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $72,870 initial cash invested.
-11.79%
Cash On Cash
4.73%
Cap Rate
0.69
DSCR
$2,097
Rent
-$716
Cashflow
Cash Flow
$2,097 income − $2,813 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$2,813
Mortgage P&I
94%
$1,979
Property Taxes
8%
$167
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0