This property looks like a bad Long-Term investment with a projected -5.94% first-year return on $73,479 initial cash invested.
-5.94%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$2,469
Rent
-$364
Cashflow
Cash Flow
$2,469 income − $2,833 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,479
Downpayment
20%
$69,980
Closing costs
1%
$3,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,469
Total Expenses
$2,833
Mortgage P&I
79%
$1,942
Property Taxes
5%
$128
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0