This property looks like a bad Long-Term investment with a projected -1.83% first-year return on $73,584 initial cash invested.
-1.83%
Cash On Cash
6.19%
Cap Rate
1.02
DSCR
$2,779
Rent
-$112
Cashflow
Cash Flow
$2,779 income − $2,891 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,779
Total Expenses
$2,891
Mortgage P&I
64%
$1,781
Property Taxes
10%
$268
Home Insurance
4%
$119
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0