This property looks like a bad Long-Term investment with a projected -23.47% first-year return on $73,458 initial cash invested.
-23.47%
Cash On Cash
1.97%
Cap Rate
0.29
DSCR
$1,216
Rent
-$1,437
Cashflow
Cash Flow
$1,216 income − $2,653 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,216
Total Expenses
$2,653
Mortgage P&I
160%
$1,949
Property Taxes
21%
$259
Home Insurance
11%
$128
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0