This property looks like a bad Long-Term investment with a projected -17.14% first-year return on $73,290 initial cash invested.
-17.14%
Cash On Cash
2.86%
Cap Rate
0.46
DSCR
$1,424
Rent
-$1,047
Cashflow
Cash Flow
$1,424 income − $2,471 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,424
Total Expenses
$2,471
Mortgage P&I
127%
$1,809
Property Taxes
12%
$171
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0