This property looks like a bad Long-Term investment with a projected -11.72% first-year return on $73,311 initial cash invested.
-11.72%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$1,929
Rent
-$716
Cashflow
Cash Flow
$1,929 income − $2,645 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,929
Total Expenses
$2,645
Mortgage P&I
92%
$1,775
Property Taxes
8%
$162
Home Insurance
6%
$121
HOA
4%
$86
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0