This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $72,870 initial cash invested.
-14.9%
Cash On Cash
3.89%
Cap Rate
0.58
DSCR
$1,960
Rent
-$905
Cashflow
Cash Flow
$1,960 income − $2,865 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,870
Downpayment
20%
$69,400
Closing costs
1%
$3,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,960
Total Expenses
$2,865
Mortgage P&I
99%
$1,933
Property Taxes
15%
$303
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0