This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $73,479 initial cash invested.
-16.43%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$1,956
Rent
-$1,006
Cashflow
Cash Flow
$1,956 income − $2,962 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,956
Total Expenses
$2,962
Mortgage P&I
97%
$1,901
Property Taxes
22%
$430
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0