This property looks like a bad Long-Term investment with a projected -7.98% first-year return on $73,500 initial cash invested.
-7.98%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,501
Rent
-$489
Cashflow
Cash Flow
$2,501 income − $2,990 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,501
Total Expenses
$2,990
Mortgage P&I
76%
$1,910
Property Taxes
12%
$308
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0