This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $73,563 initial cash invested.
-14.45%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$2,249
Rent
-$886
Cashflow
Cash Flow
$2,249 income − $3,135 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,563
Downpayment
20%
$70,060
Closing costs
1%
$3,503
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,249
Total Expenses
$3,135
Mortgage P&I
85%
$1,904
Property Taxes
21%
$475
Home Insurance
6%
$124
HOA
2%
$48
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0