This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $73,479 initial cash invested.
-12.82%
Cash On Cash
4.48%
Cap Rate
0.66
DSCR
$2,308
Rent
-$785
Cashflow
Cash Flow
$2,308 income − $3,093 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,308
Total Expenses
$3,093
Mortgage P&I
86%
$1,976
Property Taxes
17%
$396
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0