This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $73,479 initial cash invested.
-15.68%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$1,961
Rent
-$960
Cashflow
Cash Flow
$1,961 income − $2,921 expenses = $960 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
$1,961
Total Expenses
$2,921
Mortgage P&I
97%
$1,904
Property Taxes
20%
$385
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0