This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $73,584 initial cash invested.
-10.58%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$2,176
Rent
-$649
Cashflow
Cash Flow
$2,176 income − $2,825 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,584
Downpayment
20%
$70,080
Closing costs
1%
$3,504
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,176
Total Expenses
$2,825
Mortgage P&I
87%
$1,883
Property Taxes
11%
$242
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0