This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $72,954 initial cash invested.
-10.4%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$2,868
Rent
-$632
Cashflow
Cash Flow
$2,868 income − $3,500 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,954
Downpayment
20%
$69,480
Closing costs
1%
$3,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,868
Total Expenses
$3,500
Mortgage P&I
67%
$1,915
Property Taxes
25%
$718
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0