This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $73,563 initial cash invested.
-13.47%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$2,282
Rent
-$826
Cashflow
Cash Flow
$2,282 income − $3,108 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$3,108
Mortgage P&I
84%
$1,914
Property Taxes
21%
$471
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0