This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $73,731 initial cash invested.
-10.92%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$2,049
Rent
-$671
Cashflow
Cash Flow
$2,049 income − $2,720 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,049
Total Expenses
$2,720
Mortgage P&I
95%
$1,954
Property Taxes
5%
$108
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0