This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $73,479 initial cash invested.
-14.55%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$1,652
Rent
-$891
Cashflow
Cash Flow
$1,652 income − $2,543 expenses = $891 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
$1,652
Total Expenses
$2,543
Mortgage P&I
114%
$1,889
Property Taxes
6%
$102
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0