This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $73,498 initial cash invested.
-13.21%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$1,860
Rent
-$809
Cashflow
Cash Flow
$1,860 income − $2,669 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,498
Downpayment
20%
$69,998
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$2,669
Mortgage P&I
104%
$1,929
Property Taxes
7%
$134
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0