This property looks like a bad Long-Term investment with a projected -14.44% first-year return on $73,479 initial cash invested.
-14.44%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$2,762
Rent
-$884
Cashflow
Cash Flow
$2,762 income − $3,646 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,762
Total Expenses
$3,646
Mortgage P&I
67%
$1,850
Property Taxes
35%
$956
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0