This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $73,101 initial cash invested.
-14.28%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$1,907
Rent
-$870
Cashflow
Cash Flow
$1,907 income − $2,777 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,101
Downpayment
20%
$69,620
Closing costs
1%
$3,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,907
Total Expenses
$2,777
Mortgage P&I
101%
$1,935
Property Taxes
11%
$217
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0