This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $73,479 initial cash invested.
-11.48%
Cash On Cash
3.95%
Cap Rate
0.66
DSCR
$2,231
Rent
-$703
Cashflow
Cash Flow
$2,231 income − $2,934 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,231
Total Expenses
$2,934
Mortgage P&I
78%
$1,742
Property Taxes
22%
$489
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0