This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $73,185 initial cash invested.
-12.79%
Cash On Cash
3.57%
Cap Rate
0.6
DSCR
$1,574
Rent
-$780
Cashflow
Cash Flow
$1,574 income − $2,354 expenses = $780 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,574
Total Expenses
$2,354
Mortgage P&I
110%
$1,739
Property Taxes
5%
$80
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0