This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $73,479 initial cash invested.
-12.26%
Cash On Cash
3.9%
Cap Rate
0.64
DSCR
$1,971
Rent
-$751
Cashflow
Cash Flow
$1,971 income − $2,722 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,971
Total Expenses
$2,722
Mortgage P&I
91%
$1,789
Property Taxes
15%
$298
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0