This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $73,290 initial cash invested.
-14.54%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$2,055
Rent
-$888
Cashflow
Cash Flow
$2,055 income − $2,943 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,055
Total Expenses
$2,943
Mortgage P&I
95%
$1,946
Property Taxes
16%
$336
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0