This property looks like a bad Long-Term investment with a projected -18.39% first-year return on $73,290 initial cash invested.
-18.39%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$2,169
Rent
-$1,123
Cashflow
Cash Flow
$2,169 income − $3,292 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,169
Total Expenses
$3,292
Mortgage P&I
88%
$1,900
Property Taxes
28%
$600
Home Insurance
6%
$122
HOA
5%
$107
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0