This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $73,269 initial cash invested.
-7.22%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$2,354
Rent
-$441
Cashflow
Cash Flow
$2,354 income − $2,795 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,269
Downpayment
20%
$69,780
Closing costs
1%
$3,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,354
Total Expenses
$2,795
Mortgage P&I
80%
$1,880
Property Taxes
7%
$175
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0