This property looks like a bad Long-Term investment with a projected -26.68% first-year return on $73,258 initial cash invested.
-26.68%
Cash On Cash
1.41%
Cap Rate
0.21
DSCR
$2,050
Rent
-$1,629
Cashflow
Cash Flow
$2,050 income − $3,679 expenses = $1,629 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,258
Downpayment
20%
$69,770
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$3,679
Mortgage P&I
94%
$1,937
Property Taxes
53%
$1,088
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0