This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $73,080 initial cash invested.
-7.95%
Cash On Cash
4.82%
Cap Rate
0.79
DSCR
$2,181
Rent
-$484
Cashflow
Cash Flow
$2,181 income − $2,665 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,181
Total Expenses
$2,665
Mortgage P&I
81%
$1,773
Property Taxes
9%
$203
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0