This property looks like a bad Long-Term investment with a projected -11.23% first-year return on $73,437 initial cash invested.
-11.23%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$2,183
Rent
-$687
Cashflow
Cash Flow
$2,183 income − $2,870 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,437
Downpayment
20%
$69,940
Closing costs
1%
$3,497
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$2,870
Mortgage P&I
89%
$1,936
Property Taxes
11%
$243
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0