This property looks like a bad Long-Term investment with a projected -10.63% first-year return on $73,500 initial cash invested.
-10.63%
Cash On Cash
4.82%
Cap Rate
0.72
DSCR
$2,154
Rent
-$651
Cashflow
Cash Flow
$2,154 income − $2,805 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,154
Total Expenses
$2,805
Mortgage P&I
90%
$1,949
Property Taxes
8%
$174
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0