This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $73,500 initial cash invested.
-17.63%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$1,285
Rent
-$1,080
Cashflow
Cash Flow
$1,285 income − $2,365 expenses = $1,080 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
$1,285
Total Expenses
$2,365
Mortgage P&I
146%
$1,878
Property Taxes
2%
$32
Home Insurance
9%
$122
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0