This property looks like a bad Long-Term investment with a projected -21.13% first-year return on $73,479 initial cash invested.
-21.13%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$1,129
Rent
-$1,294
Cashflow
Cash Flow
$1,129 income − $2,423 expenses = $1,294 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,129
Total Expenses
$2,423
Mortgage P&I
169%
$1,904
Property Taxes
9%
$104
Home Insurance
11%
$122
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$56
Vacancy
6%
$68
Maintenance
5%
$56
Other
0%
$0