This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $73,689 initial cash invested.
-12.44%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$2,034
Rent
-$764
Cashflow
Cash Flow
$2,034 income − $2,798 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,034
Total Expenses
$2,798
Mortgage P&I
92%
$1,871
Property Taxes
13%
$264
Home Insurance
6%
$126
HOA
0%
$8
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0