This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $73,479 initial cash invested.
-17.34%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$2,136
Rent
-$1,062
Cashflow
Cash Flow
$2,136 income − $3,198 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,136
Total Expenses
$3,198
Mortgage P&I
91%
$1,942
Property Taxes
27%
$578
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0