This property looks like a bad Long-Term investment with a projected -3.98% first-year return on $73,353 initial cash invested.
-3.98%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$2,801
Rent
-$243
Cashflow
Cash Flow
$2,801 income − $3,044 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,353
Downpayment
20%
$69,860
Closing costs
1%
$3,493
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,801
Total Expenses
$3,044
Mortgage P&I
66%
$1,840
Property Taxes
13%
$362
Home Insurance
4%
$114
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0