This property looks like a bad Long-Term investment with a projected -2.91% first-year return on $73,290 initial cash invested.
-2.91%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$2,660
Rent
-$178
Cashflow
Cash Flow
$2,660 income − $2,838 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,660
Total Expenses
$2,838
Mortgage P&I
72%
$1,909
Property Taxes
4%
$115
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0