This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $73,563 initial cash invested.
-14.97%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$2,176
Rent
-$918
Cashflow
Cash Flow
$2,176 income − $3,094 expenses = $918 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
$2,176
Total Expenses
$3,094
Mortgage P&I
88%
$1,904
Property Taxes
23%
$497
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0