This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $73,479 initial cash invested.
-7.5%
Cash On Cash
5.13%
Cap Rate
0.81
DSCR
$2,309
Rent
-$459
Cashflow
Cash Flow
$2,309 income − $2,768 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,309
Total Expenses
$2,768
Mortgage P&I
80%
$1,840
Property Taxes
9%
$202
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$139
Maintenance
5%
$115
Other
0%
$0