This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $73,500 initial cash invested.
-2.96%
Cash On Cash
6.59%
Cap Rate
0.99
DSCR
$3,402
Rent
-$181
Cashflow
Cash Flow
$3,402 income − $3,583 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,402
Total Expenses
$3,583
Mortgage P&I
57%
$1,934
Property Taxes
19%
$643
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0