This property looks like a bad Long-Term investment with a projected -5.72% first-year return on $73,479 initial cash invested.
-5.72%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$2,755
Rent
-$350
Cashflow
Cash Flow
$2,755 income − $3,105 expenses = $350 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
$2,755
Total Expenses
$3,105
Mortgage P&I
72%
$1,971
Property Taxes
11%
$295
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0