This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $73,479 initial cash invested.
-6.73%
Cash On Cash
5.18%
Cap Rate
0.85
DSCR
$2,712
Rent
-$412
Cashflow
Cash Flow
$2,712 income − $3,124 expenses = $412 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
$2,712
Total Expenses
$3,124
Mortgage P&I
66%
$1,787
Property Taxes
19%
$509
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0