This property looks like a bad Long-Term investment with a projected -12.47% first-year return on $73,500 initial cash invested.
-12.47%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,241
Rent
-$764
Cashflow
Cash Flow
$2,241 income − $3,005 expenses = $764 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
$2,241
Total Expenses
$3,005
Mortgage P&I
84%
$1,886
Property Taxes
7%
$162
Home Insurance
5%
$122
HOA
11%
$253
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0