This property looks like a bad Long-Term investment with a projected -14.9% first-year return on $73,353 initial cash invested.
-14.9%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$1,693
Rent
-$911
Cashflow
Cash Flow
$1,693 income − $2,604 expenses = $911 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,353
Downpayment
20%
$69,860
Closing costs
1%
$3,493
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,693
Total Expenses
$2,604
Mortgage P&I
105%
$1,785
Property Taxes
15%
$256
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0