This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $72,786 initial cash invested.
-8.66%
Cash On Cash
5.48%
Cap Rate
0.81
DSCR
$2,992
Rent
-$525
Cashflow
Cash Flow
$2,992 income − $3,517 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,786
Downpayment
20%
$69,320
Closing costs
1%
$3,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,992
Total Expenses
$3,517
Mortgage P&I
65%
$1,957
Property Taxes
22%
$659
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0