This property looks like a bad Long-Term investment with a projected -12.33% first-year return on $73,395 initial cash invested.
-12.33%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$1,916
Rent
-$754
Cashflow
Cash Flow
$1,916 income − $2,670 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,916
Total Expenses
$2,670
Mortgage P&I
100%
$1,914
Property Taxes
7%
$135
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0