This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $73,164 initial cash invested.
-13.66%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,079
Rent
-$833
Cashflow
Cash Flow
$2,079 income − $2,912 expenses = $833 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
$2,079
Total Expenses
$2,912
Mortgage P&I
90%
$1,878
Property Taxes
17%
$357
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0