This property looks like a bad Long-Term investment with a projected -21.5% first-year return on $73,290 initial cash invested.
-21.5%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$1,306
Rent
-$1,313
Cashflow
Cash Flow
$1,306 income − $2,619 expenses = $1,313 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,306
Total Expenses
$2,619
Mortgage P&I
151%
$1,970
Property Taxes
14%
$188
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0