This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $72,912 initial cash invested.
-11.59%
Cash On Cash
4.34%
Cap Rate
0.68
DSCR
$2,128
Rent
-$704
Cashflow
Cash Flow
$2,128 income − $2,832 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,912
Downpayment
20%
$69,440
Closing costs
1%
$3,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,128
Total Expenses
$2,832
Mortgage P&I
87%
$1,854
Property Taxes
14%
$297
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0