This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $73,311 initial cash invested.
-11.57%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,200
Rent
-$707
Cashflow
Cash Flow
$2,200 income − $2,907 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,311
Downpayment
20%
$69,820
Closing costs
1%
$3,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,200
Total Expenses
$2,907
Mortgage P&I
86%
$1,889
Property Taxes
15%
$325
Home Insurance
6%
$121
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0