This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $73,206 initial cash invested.
-14.59%
Cash On Cash
3.73%
Cap Rate
0.58
DSCR
$2,106
Rent
-$890
Cashflow
Cash Flow
$2,106 income − $2,996 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,206
Downpayment
20%
$69,720
Closing costs
1%
$3,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,106
Total Expenses
$2,996
Mortgage P&I
89%
$1,870
Property Taxes
21%
$436
Home Insurance
6%
$126
HOA
1%
$17
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0