This property looks like a bad Long-Term investment with a projected -22.4% first-year return on $73,290 initial cash invested.
-22.4%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$1,445
Rent
-$1,368
Cashflow
Cash Flow
$1,445 income − $2,813 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,445
Total Expenses
$2,813
Mortgage P&I
134%
$1,934
Property Taxes
26%
$382
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0