This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $73,479 initial cash invested.
-14.04%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,026
Rent
-$860
Cashflow
Cash Flow
$2,026 income − $2,886 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,026
Total Expenses
$2,886
Mortgage P&I
92%
$1,873
Property Taxes
18%
$364
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0