This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $73,689 initial cash invested.
-7.44%
Cash On Cash
5.63%
Cap Rate
0.84
DSCR
$2,815
Rent
-$457
Cashflow
Cash Flow
$2,815 income − $3,272 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,689
Downpayment
20%
$70,180
Closing costs
1%
$3,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,815
Total Expenses
$3,272
Mortgage P&I
70%
$1,961
Property Taxes
15%
$419
Home Insurance
4%
$126
HOA
1%
$33
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0