This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $73,458 initial cash invested.
-11.17%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,065
Rent
-$684
Cashflow
Cash Flow
$2,065 income − $2,749 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,749
Mortgage P&I
93%
$1,929
Property Taxes
8%
$158
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0