This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $73,479 initial cash invested.
-8.93%
Cash On Cash
4.72%
Cap Rate
0.77
DSCR
$2,687
Rent
-$547
Cashflow
Cash Flow
$2,687 income − $3,234 expenses = $547 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
$2,687
Total Expenses
$3,234
Mortgage P&I
67%
$1,788
Property Taxes
23%
$626
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0