This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $73,563 initial cash invested.
-11.21%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$2,776
Rent
-$687
Cashflow
Cash Flow
$2,776 income − $3,463 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,776
Total Expenses
$3,463
Mortgage P&I
68%
$1,886
Property Taxes
26%
$728
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0