This property looks like a bad Long-Term investment with a projected -3.43% first-year return on $73,479 initial cash invested.
-3.43%
Cash On Cash
5.86%
Cap Rate
0.96
DSCR
$2,784
Rent
-$210
Cashflow
Cash Flow
$2,784 income − $2,994 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,784
Total Expenses
$2,994
Mortgage P&I
64%
$1,779
Property Taxes
13%
$370
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0