This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $73,479 initial cash invested.
-9.85%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$2,333
Rent
-$603
Cashflow
Cash Flow
$2,333 income − $2,936 expenses = $603 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
$2,333
Total Expenses
$2,936
Mortgage P&I
81%
$1,901
Property Taxes
13%
$306
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0