This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $73,500 initial cash invested.
-14.73%
Cash On Cash
3.64%
Cap Rate
0.57
DSCR
$2,201
Rent
-$902
Cashflow
Cash Flow
$2,201 income − $3,103 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,201
Total Expenses
$3,103
Mortgage P&I
84%
$1,854
Property Taxes
25%
$555
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0