This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $73,458 initial cash invested.
-13.59%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,728
Rent
-$832
Cashflow
Cash Flow
$1,728 income − $2,560 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,728
Total Expenses
$2,560
Mortgage P&I
111%
$1,915
Property Taxes
4%
$70
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0