This property looks like a bad Long-Term investment with a projected -18.55% first-year return on $73,479 initial cash invested.
-18.55%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,082
Rent
-$1,136
Cashflow
Cash Flow
$2,082 income − $3,218 expenses = $1,136 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,082
Total Expenses
$3,218
Mortgage P&I
90%
$1,880
Property Taxes
29%
$598
Home Insurance
6%
$122
HOA
4%
$77
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0