This property looks like a bad Long-Term investment with a projected -3.35% first-year return on $73,416 initial cash invested.
-3.35%
Cash On Cash
6.54%
Cap Rate
0.98
DSCR
$3,261
Rent
-$205
Cashflow
Cash Flow
$3,261 income − $3,466 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,416
Downpayment
20%
$69,920
Closing costs
1%
$3,496
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,261
Total Expenses
$3,466
Mortgage P&I
60%
$1,947
Property Taxes
16%
$530
Home Insurance
4%
$124
HOA
1%
$17
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0