This property looks like a bad Long-Term investment with a projected -15.4% first-year return on $73,479 initial cash invested.
-15.4%
Cash On Cash
3.09%
Cap Rate
0.51
DSCR
$1,413
Rent
-$943
Cashflow
Cash Flow
$1,413 income − $2,356 expenses = $943 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
$1,413
Total Expenses
$2,356
Mortgage P&I
126%
$1,774
Property Taxes
7%
$92
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0