This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $72,765 initial cash invested.
-12.75%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$2,071
Rent
-$773
Cashflow
Cash Flow
$2,071 income − $2,844 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,765
Downpayment
20%
$69,300
Closing costs
1%
$3,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,071
Total Expenses
$2,844
Mortgage P&I
90%
$1,862
Property Taxes
16%
$321
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0