This property looks like a bad Long-Term investment with a projected -20.71% first-year return on $73,479 initial cash invested.
-20.71%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$1,052
Rent
-$1,268
Cashflow
Cash Flow
$1,052 income − $2,320 expenses = $1,268 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,052
Total Expenses
$2,320
Mortgage P&I
171%
$1,798
Property Taxes
12%
$126
Home Insurance
12%
$122
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$53
Vacancy
6%
$63
Maintenance
5%
$53
Other
0%
$0