This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $73,479 initial cash invested.
-6.11%
Cash On Cash
5.42%
Cap Rate
0.87
DSCR
$2,670
Rent
-$374
Cashflow
Cash Flow
$2,670 income − $3,044 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,670
Total Expenses
$3,044
Mortgage P&I
68%
$1,820
Property Taxes
15%
$407
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0