This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $73,353 initial cash invested.
-15.62%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,615
Rent
-$955
Cashflow
Cash Flow
$1,615 income − $2,570 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,353
Downpayment
20%
$69,860
Closing costs
1%
$3,493
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,615
Total Expenses
$2,570
Mortgage P&I
117%
$1,894
Property Taxes
8%
$129
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0