This property looks like a bad Long-Term investment with a projected -7.97% first-year return on $73,206 initial cash invested.
-7.97%
Cash On Cash
5.13%
Cap Rate
0.8
DSCR
$2,058
Rent
-$486
Cashflow
Cash Flow
$2,058 income − $2,544 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,206
Downpayment
20%
$69,720
Closing costs
1%
$3,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,058
Total Expenses
$2,544
Mortgage P&I
91%
$1,874
Property Taxes
1%
$13
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0