This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $73,500 initial cash invested.
-13.31%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$2,315
Rent
-$815
Cashflow
Cash Flow
$2,315 income − $3,130 expenses = $815 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
$2,315
Total Expenses
$3,130
Mortgage P&I
81%
$1,880
Property Taxes
22%
$508
Home Insurance
5%
$122
HOA
1%
$17
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0