This property looks like a bad Long-Term investment with a projected -3.63% first-year return on $73,626 initial cash invested.
-3.63%
Cash On Cash
6.22%
Cap Rate
0.96
DSCR
$2,951
Rent
-$223
Cashflow
Cash Flow
$2,951 income − $3,174 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,626
Downpayment
20%
$70,120
Closing costs
1%
$3,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,951
Total Expenses
$3,174
Mortgage P&I
64%
$1,892
Property Taxes
13%
$392
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0