This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $73,185 initial cash invested.
-12.33%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,409
Rent
-$752
Cashflow
Cash Flow
$2,409 income − $3,161 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,409
Total Expenses
$3,161
Mortgage P&I
78%
$1,876
Property Taxes
22%
$540
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0