This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $73,584 initial cash invested.
-8.94%
Cash On Cash
4.7%
Cap Rate
0.76
DSCR
$2,221
Rent
-$548
Cashflow
Cash Flow
$2,221 income − $2,769 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,221
Total Expenses
$2,769
Mortgage P&I
81%
$1,810
Property Taxes
12%
$260
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0