This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $73,479 initial cash invested.
-6.86%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$2,443
Rent
-$420
Cashflow
Cash Flow
$2,443 income − $2,863 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,443
Total Expenses
$2,863
Mortgage P&I
78%
$1,901
Property Taxes
8%
$205
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0