This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $73,290 initial cash invested.
-9.1%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$2,189
Rent
-$556
Cashflow
Cash Flow
$2,189 income − $2,745 expenses = $556 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,189
Total Expenses
$2,745
Mortgage P&I
85%
$1,857
Property Taxes
5%
$115
Home Insurance
6%
$122
HOA
4%
$83
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0