This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $73,479 initial cash invested.
-8.85%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$3,098
Rent
-$542
Cashflow
Cash Flow
$3,098 income − $3,640 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,098
Total Expenses
$3,640
Mortgage P&I
63%
$1,947
Property Taxes
25%
$765
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0