This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $73,395 initial cash invested.
-6.51%
Cash On Cash
5.19%
Cap Rate
0.84
DSCR
$2,375
Rent
-$398
Cashflow
Cash Flow
$2,375 income − $2,773 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,395
Downpayment
20%
$69,900
Closing costs
1%
$3,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$2,773
Mortgage P&I
75%
$1,790
Property Taxes
10%
$246
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0