This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $72,891 initial cash invested.
-11.47%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,169
Rent
-$697
Cashflow
Cash Flow
$2,169 income − $2,866 expenses = $697 out of pocket
Investment Breakdown
|
Purchase Price
$347k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,891
Downpayment
20%
$69,420
Closing costs
1%
$3,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,169
Total Expenses
$2,866
Mortgage P&I
88%
$1,905
Property Taxes
13%
$272
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0