This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $73,899 initial cash invested.
-12.89%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$2,206
Rent
-$794
Cashflow
Cash Flow
$2,206 income − $3,000 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,899
Downpayment
20%
$70,380
Closing costs
1%
$3,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,206
Total Expenses
$3,000
Mortgage P&I
87%
$1,924
Property Taxes
17%
$373
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0