This property looks like a bad Long-Term investment with a projected -10.57% first-year return on $73,563 initial cash invested.
-10.57%
Cash On Cash
4.18%
Cap Rate
0.69
DSCR
$2,090
Rent
-$648
Cashflow
Cash Flow
$2,090 income − $2,738 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,090
Total Expenses
$2,738
Mortgage P&I
84%
$1,765
Property Taxes
14%
$303
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0