This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $73,185 initial cash invested.
-10.4%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$3,006
Rent
-$634
Cashflow
Cash Flow
$3,006 income − $3,640 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,006
Total Expenses
$3,640
Mortgage P&I
62%
$1,862
Property Taxes
29%
$875
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0