This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $73,248 initial cash invested.
-11.3%
Cash On Cash
4.45%
Cap Rate
0.69
DSCR
$2,352
Rent
-$690
Cashflow
Cash Flow
$2,352 income − $3,042 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,248
Downpayment
20%
$69,760
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,352
Total Expenses
$3,042
Mortgage P&I
79%
$1,865
Property Taxes
19%
$443
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0