This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $73,290 initial cash invested.
-19.55%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$1,185
Rent
-$1,194
Cashflow
Cash Flow
$1,185 income − $2,379 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,185
Total Expenses
$2,379
Mortgage P&I
160%
$1,900
Property Taxes
4%
$50
Home Insurance
10%
$122
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0