This property looks like a bad Long-Term investment with a projected -4.93% first-year return on $73,500 initial cash invested.
-4.93%
Cash On Cash
6.01%
Cap Rate
0.91
DSCR
$2,755
Rent
-$302
Cashflow
Cash Flow
$2,755 income − $3,057 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,755
Total Expenses
$3,057
Mortgage P&I
70%
$1,917
Property Taxes
11%
$301
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0