This property looks like a bad Long-Term investment with a projected -23.58% first-year return on $73,500 initial cash invested.
-23.58%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$1,187
Rent
-$1,444
Cashflow
Cash Flow
$1,187 income − $2,631 expenses = $1,444 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
$1,187
Total Expenses
$2,631
Mortgage P&I
162%
$1,919
Property Taxes
24%
$282
Home Insurance
10%
$122
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0