This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $73,311 initial cash invested.
-18.41%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$1,719
Rent
-$1,125
Cashflow
Cash Flow
$1,719 income − $2,844 expenses = $1,125 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,311
Downpayment
20%
$69,820
Closing costs
1%
$3,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,719
Total Expenses
$2,844
Mortgage P&I
112%
$1,924
Property Taxes
17%
$287
Home Insurance
11%
$186
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0