This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $73,479 initial cash invested.
-13.57%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$1,752
Rent
-$831
Cashflow
Cash Flow
$1,752 income − $2,583 expenses = $831 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
$1,752
Total Expenses
$2,583
Mortgage P&I
109%
$1,910
Property Taxes
5%
$95
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0