This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $73,479 initial cash invested.
-10.44%
Cash On Cash
4.81%
Cap Rate
0.73
DSCR
$2,647
Rent
-$639
Cashflow
Cash Flow
$2,647 income − $3,286 expenses = $639 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
$2,647
Total Expenses
$3,286
Mortgage P&I
72%
$1,910
Property Taxes
21%
$566
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0