This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $73,290 initial cash invested.
-15.98%
Cash On Cash
3.74%
Cap Rate
0.55
DSCR
$1,674
Rent
-$976
Cashflow
Cash Flow
$1,674 income − $2,650 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,674
Total Expenses
$2,650
Mortgage P&I
118%
$1,981
Property Taxes
7%
$112
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0