This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $73,584 initial cash invested.
-14.79%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$1,786
Rent
-$907
Cashflow
Cash Flow
$1,786 income − $2,693 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,786
Total Expenses
$2,693
Mortgage P&I
105%
$1,883
Property Taxes
12%
$220
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0