This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $73,080 initial cash invested.
-11.87%
Cash On Cash
4.54%
Cap Rate
0.68
DSCR
$2,072
Rent
-$723
Cashflow
Cash Flow
$2,072 income − $2,795 expenses = $723 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,072
Total Expenses
$2,795
Mortgage P&I
93%
$1,937
Property Taxes
10%
$197
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0