This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $73,479 initial cash invested.
-14.65%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$1,590
Rent
-$897
Cashflow
Cash Flow
$1,590 income − $2,487 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,590
Total Expenses
$2,487
Mortgage P&I
114%
$1,808
Property Taxes
9%
$143
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0