This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $73,563 initial cash invested.
-9.53%
Cash On Cash
4.53%
Cap Rate
0.73
DSCR
$2,123
Rent
-$584
Cashflow
Cash Flow
$2,123 income − $2,707 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,123
Total Expenses
$2,707
Mortgage P&I
85%
$1,799
Property Taxes
5%
$113
Home Insurance
7%
$140
HOA
5%
$104
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0