This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $73,290 initial cash invested.
-11.48%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$1,850
Rent
-$701
Cashflow
Cash Flow
$1,850 income − $2,551 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,850
Total Expenses
$2,551
Mortgage P&I
96%
$1,778
Property Taxes
9%
$165
Home Insurance
7%
$122
HOA
0%
$6
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0