This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $73,479 initial cash invested.
-13.59%
Cash On Cash
3.51%
Cap Rate
0.58
DSCR
$1,647
Rent
-$832
Cashflow
Cash Flow
$1,647 income − $2,479 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,647
Total Expenses
$2,479
Mortgage P&I
108%
$1,773
Property Taxes
9%
$156
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0