This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $73,458 initial cash invested.
-16.84%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$1,570
Rent
-$1,031
Cashflow
Cash Flow
$1,570 income − $2,601 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,458
Downpayment
20%
$69,960
Closing costs
1%
$3,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,570
Total Expenses
$2,601
Mortgage P&I
122%
$1,913
Property Taxes
8%
$122
Home Insurance
8%
$126
HOA
2%
$33
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0