This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $73,290 initial cash invested.
-7.42%
Cash On Cash
5%
Cap Rate
0.81
DSCR
$2,154
Rent
-$453
Cashflow
Cash Flow
$2,154 income − $2,607 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,154
Total Expenses
$2,607
Mortgage P&I
83%
$1,798
Property Taxes
5%
$98
Home Insurance
6%
$122
HOA
1%
$29
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0