This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $73,080 initial cash invested.
-13.65%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,416
Rent
-$831
Cashflow
Cash Flow
$2,416 income − $3,247 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,416
Total Expenses
$3,247
Mortgage P&I
79%
$1,914
Property Taxes
24%
$582
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0