This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $73,500 initial cash invested.
-17.22%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$1,641
Rent
-$1,055
Cashflow
Cash Flow
$1,641 income − $2,696 expenses = $1,055 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,641
Total Expenses
$2,696
Mortgage P&I
114%
$1,875
Property Taxes
17%
$273
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0