This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $73,017 initial cash invested.
-14.48%
Cash On Cash
3.41%
Cap Rate
0.55
DSCR
$1,590
Rent
-$881
Cashflow
Cash Flow
$1,590 income − $2,471 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,017
Downpayment
20%
$69,540
Closing costs
1%
$3,477
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,590
Total Expenses
$2,471
Mortgage P&I
113%
$1,789
Property Taxes
6%
$98
Home Insurance
11%
$170
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0