This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $73,395 initial cash invested.
-7.6%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,487
Rent
-$465
Cashflow
Cash Flow
$2,487 income − $2,952 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,487
Total Expenses
$2,952
Mortgage P&I
76%
$1,896
Property Taxes
10%
$251
Home Insurance
5%
$122
HOA
1%
$37
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0