This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $73,143 initial cash invested.
-9.86%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$2,542
Rent
-$601
Cashflow
Cash Flow
$2,542 income − $3,143 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,542
Total Expenses
$3,143
Mortgage P&I
74%
$1,890
Property Taxes
18%
$462
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0