This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $73,248 initial cash invested.
-13.97%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$1,783
Rent
-$853
Cashflow
Cash Flow
$1,783 income − $2,636 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,783
Total Expenses
$2,636
Mortgage P&I
106%
$1,894
Property Taxes
9%
$154
Home Insurance
7%
$125
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0