This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $73,290 initial cash invested.
-14.8%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$1,945
Rent
-$904
Cashflow
Cash Flow
$1,945 income − $2,849 expenses = $904 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
$1,945
Total Expenses
$2,849
Mortgage P&I
100%
$1,946
Property Taxes
14%
$276
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0