This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $73,080 initial cash invested.
-12.56%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$2,051
Rent
-$765
Cashflow
Cash Flow
$2,051 income − $2,816 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,051
Total Expenses
$2,816
Mortgage P&I
91%
$1,866
Property Taxes
12%
$256
Home Insurance
6%
$122
HOA
2%
$38
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0