This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $73,752 initial cash invested.
-11.28%
Cash On Cash
4.2%
Cap Rate
0.67
DSCR
$1,953
Rent
-$693
Cashflow
Cash Flow
$1,953 income − $2,646 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$2,646
Mortgage P&I
93%
$1,824
Property Taxes
10%
$190
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0