This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $73,479 initial cash invested.
-20.4%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$1,758
Rent
-$1,249
Cashflow
Cash Flow
$1,758 income − $3,007 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,758
Total Expenses
$3,007
Mortgage P&I
109%
$1,914
Property Taxes
29%
$514
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0