This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $73,605 initial cash invested.
-10.6%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$2,449
Rent
-$650
Cashflow
Cash Flow
$2,449 income − $3,099 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,605
Downpayment
20%
$70,100
Closing costs
1%
$3,505
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,449
Total Expenses
$3,099
Mortgage P&I
80%
$1,950
Property Taxes
16%
$391
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0