This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $73,479 initial cash invested.
-16.51%
Cash On Cash
3.04%
Cap Rate
0.49
DSCR
$1,610
Rent
-$1,011
Cashflow
Cash Flow
$1,610 income − $2,621 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,610
Total Expenses
$2,621
Mortgage P&I
113%
$1,816
Property Taxes
16%
$265
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0