This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $73,521 initial cash invested.
-11.36%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$2,595
Rent
-$696
Cashflow
Cash Flow
$2,595 income − $3,291 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,521
Downpayment
20%
$70,020
Closing costs
1%
$3,501
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$3,291
Mortgage P&I
73%
$1,886
Property Taxes
23%
$607
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0