This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $73,248 initial cash invested.
-14.22%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$2,353
Rent
-$868
Cashflow
Cash Flow
$2,353 income − $3,221 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,248
Downpayment
20%
$69,760
Closing costs
1%
$3,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$3,221
Mortgage P&I
82%
$1,919
Property Taxes
15%
$364
Home Insurance
5%
$122
HOA
9%
$204
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0