This property looks like a bad Long-Term investment with a projected -5.28% first-year return on $73,143 initial cash invested.
-5.28%
Cash On Cash
5.93%
Cap Rate
0.9
DSCR
$2,764
Rent
-$322
Cashflow
Cash Flow
$2,764 income − $3,086 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,764
Total Expenses
$3,086
Mortgage P&I
69%
$1,905
Property Taxes
12%
$339
Home Insurance
4%
$124
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0