This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $73,080 initial cash invested.
-6.77%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$2,654
Rent
-$412
Cashflow
Cash Flow
$2,654 income − $3,066 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,080
Downpayment
20%
$69,600
Closing costs
1%
$3,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,654
Total Expenses
$3,066
Mortgage P&I
72%
$1,906
Property Taxes
13%
$348
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0