This property looks like a bad Long-Term investment with a projected -5.75% first-year return on $73,059 initial cash invested.
-5.75%
Cash On Cash
5.65%
Cap Rate
0.88
DSCR
$2,427
Rent
-$350
Cashflow
Cash Flow
$2,427 income − $2,777 expenses = $350 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,059
Downpayment
20%
$69,580
Closing costs
1%
$3,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$2,777
Mortgage P&I
77%
$1,868
Property Taxes
6%
$156
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0