This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $73,290 initial cash invested.
-13.46%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$1,557
Rent
-$822
Cashflow
Cash Flow
$1,557 income − $2,379 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,557
Total Expenses
$2,379
Mortgage P&I
116%
$1,801
Property Taxes
3%
$51
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0