This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $73,500 initial cash invested.
-15.17%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,494
Rent
-$929
Cashflow
Cash Flow
$1,494 income − $2,423 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,500
Downpayment
20%
$70,000
Closing costs
1%
$3,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,494
Total Expenses
$2,423
Mortgage P&I
128%
$1,905
Property Taxes
0%
$7
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0