This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $73,479 initial cash invested.
-9.1%
Cash On Cash
4.6%
Cap Rate
0.75
DSCR
$2,094
Rent
-$557
Cashflow
Cash Flow
$2,094 income − $2,651 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,094
Total Expenses
$2,651
Mortgage P&I
86%
$1,792
Property Taxes
9%
$179
Home Insurance
6%
$122
HOA
1%
$13
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0