This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $73,290 initial cash invested.
-13.75%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$2,163
Rent
-$840
Cashflow
Cash Flow
$2,163 income − $3,003 expenses = $840 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,163
Total Expenses
$3,003
Mortgage P&I
89%
$1,916
Property Taxes
19%
$403
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0