This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $73,143 initial cash invested.
-12.44%
Cash On Cash
3.76%
Cap Rate
0.62
DSCR
$1,707
Rent
-$758
Cashflow
Cash Flow
$1,707 income − $2,465 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,707
Total Expenses
$2,465
Mortgage P&I
103%
$1,764
Property Taxes
8%
$136
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0