This property looks like a bad Long-Term investment with a projected -13.79% first-year return on $73,290 initial cash invested.
-13.79%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,080
Rent
-$842
Cashflow
Cash Flow
$2,080 income − $2,922 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,080
Total Expenses
$2,922
Mortgage P&I
91%
$1,899
Property Taxes
17%
$363
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0