This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $73,290 initial cash invested.
-14.26%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$1,755
Rent
-$871
Cashflow
Cash Flow
$1,755 income − $2,626 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,755
Total Expenses
$2,626
Mortgage P&I
108%
$1,898
Property Taxes
8%
$149
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0