This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $73,479 initial cash invested.
-10.22%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$2,079
Rent
-$626
Cashflow
Cash Flow
$2,079 income − $2,705 expenses = $626 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
$2,079
Total Expenses
$2,705
Mortgage P&I
93%
$1,927
Property Taxes
4%
$86
Home Insurance
6%
$122
HOA
1%
$29
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0