This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $73,185 initial cash invested.
-11.22%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$2,100
Rent
-$684
Cashflow
Cash Flow
$2,100 income − $2,784 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,185
Downpayment
20%
$69,700
Closing costs
1%
$3,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$2,784
Mortgage P&I
90%
$1,892
Property Taxes
11%
$224
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0