This property looks like a bad Long-Term investment with a projected -6.71% first-year return on $72,807 initial cash invested.
-6.71%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,527
Rent
-$407
Cashflow
Cash Flow
$2,527 income − $2,934 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,807
Downpayment
20%
$69,340
Closing costs
1%
$3,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$2,934
Mortgage P&I
75%
$1,901
Property Taxes
10%
$254
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0