This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $73,164 initial cash invested.
-4.44%
Cash On Cash
5.96%
Cap Rate
0.92
DSCR
$2,579
Rent
-$271
Cashflow
Cash Flow
$2,579 income − $2,850 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,164
Downpayment
20%
$69,680
Closing costs
1%
$3,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,579
Total Expenses
$2,850
Mortgage P&I
73%
$1,871
Property Taxes
6%
$153
Home Insurance
5%
$140
HOA
1%
$15
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0