This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $73,290 initial cash invested.
-15.55%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$2,006
Rent
-$950
Cashflow
Cash Flow
$2,006 income − $2,956 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,006
Total Expenses
$2,956
Mortgage P&I
94%
$1,892
Property Taxes
21%
$421
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0