This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $73,395 initial cash invested.
-13.49%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$1,795
Rent
-$825
Cashflow
Cash Flow
$1,795 income − $2,620 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,795
Total Expenses
$2,620
Mortgage P&I
98%
$1,766
Property Taxes
15%
$264
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0