This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $73,479 initial cash invested.
-15.47%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$1,710
Rent
-$947
Cashflow
Cash Flow
$1,710 income − $2,657 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,710
Total Expenses
$2,657
Mortgage P&I
112%
$1,917
Property Taxes
10%
$172
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0