This property looks like a bad Long-Term investment with a projected -17% first-year return on $73,290 initial cash invested.
-17%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$1,506
Rent
-$1,038
Cashflow
Cash Flow
$1,506 income − $2,544 expenses = $1,038 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
$1,506
Total Expenses
$2,544
Mortgage P&I
130%
$1,951
Property Taxes
5%
$80
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0