This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $72,870 initial cash invested.
-8.91%
Cash On Cash
4.67%
Cap Rate
0.76
DSCR
$2,098
Rent
-$541
Cashflow
Cash Flow
$2,098 income − $2,639 expenses = $541 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,098
Total Expenses
$2,639
Mortgage P&I
85%
$1,787
Property Taxes
9%
$185
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0