This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $73,479 initial cash invested.
-7.76%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,440
Rent
-$475
Cashflow
Cash Flow
$2,440 income − $2,915 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,440
Total Expenses
$2,915
Mortgage P&I
78%
$1,909
Property Taxes
10%
$250
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0