This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $73,143 initial cash invested.
-10.27%
Cash On Cash
4.94%
Cap Rate
0.74
DSCR
$2,264
Rent
-$626
Cashflow
Cash Flow
$2,264 income − $2,890 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,264
Total Expenses
$2,890
Mortgage P&I
86%
$1,947
Property Taxes
10%
$216
Home Insurance
5%
$122
HOA
1%
$17
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0