This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $73,017 initial cash invested.
-14.2%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$1,880
Rent
-$864
Cashflow
Cash Flow
$1,880 income − $2,744 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,880
Total Expenses
$2,744
Mortgage P&I
101%
$1,908
Property Taxes
12%
$225
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0