This property looks like a bad Long-Term investment with a projected -11.09% first-year return on $73,479 initial cash invested.
-11.09%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$2,503
Rent
-$679
Cashflow
Cash Flow
$2,503 income − $3,182 expenses = $679 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
$2,503
Total Expenses
$3,182
Mortgage P&I
75%
$1,885
Property Taxes
21%
$525
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0