This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $73,059 initial cash invested.
-11.56%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$2,303
Rent
-$704
Cashflow
Cash Flow
$2,303 income − $3,007 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,303
Total Expenses
$3,007
Mortgage P&I
85%
$1,955
Property Taxes
14%
$332
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0