This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $73,458 initial cash invested.
-14.69%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$1,723
Rent
-$899
Cashflow
Cash Flow
$1,723 income − $2,622 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,723
Total Expenses
$2,622
Mortgage P&I
112%
$1,927
Property Taxes
7%
$124
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0