This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $73,584 initial cash invested.
-10.71%
Cash On Cash
4.34%
Cap Rate
0.71
DSCR
$2,584
Rent
-$657
Cashflow
Cash Flow
$2,584 income − $3,241 expenses = $657 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$3,241
Mortgage P&I
69%
$1,795
Property Taxes
25%
$649
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0