This property looks like a bad Long-Term investment with a projected -18.34% first-year return on $73,290 initial cash invested.
-18.34%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$1,391
Rent
-$1,120
Cashflow
Cash Flow
$1,391 income − $2,511 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,391
Total Expenses
$2,511
Mortgage P&I
135%
$1,876
Property Taxes
11%
$151
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$83
Maintenance
5%
$70
Other
0%
$0