This property looks like a bad Long-Term investment with a projected -18.29% first-year return on $73,479 initial cash invested.
-18.29%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$1,716
Rent
-$1,120
Cashflow
Cash Flow
$1,716 income − $2,836 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,716
Total Expenses
$2,836
Mortgage P&I
111%
$1,899
Property Taxes
21%
$368
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0