This property looks like a bad Long-Term investment with a projected -3.36% first-year return on $73,500 initial cash invested.
-3.36%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$2,705
Rent
-$206
Cashflow
Cash Flow
$2,705 income − $2,911 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,705
Total Expenses
$2,911
Mortgage P&I
66%
$1,789
Property Taxes
11%
$298
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0