This property looks like a bad Long-Term investment with a projected -5.17% first-year return on $73,416 initial cash invested.
-5.17%
Cash On Cash
6.04%
Cap Rate
0.91
DSCR
$2,743
Rent
-$316
Cashflow
Cash Flow
$2,743 income − $3,059 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,416
Downpayment
20%
$69,920
Closing costs
1%
$3,496
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,743
Total Expenses
$3,059
Mortgage P&I
71%
$1,940
Property Taxes
10%
$282
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0