This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $73,479 initial cash invested.
-15.09%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$1,854
Rent
-$924
Cashflow
Cash Flow
$1,854 income − $2,778 expenses = $924 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
$1,854
Total Expenses
$2,778
Mortgage P&I
102%
$1,899
Property Taxes
15%
$275
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0