This property looks like a bad Long-Term investment with a projected -4.64% first-year return on $73,500 initial cash invested.
-4.64%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$2,726
Rent
-$284
Cashflow
Cash Flow
$2,726 income − $3,010 expenses = $284 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
$2,726
Total Expenses
$3,010
Mortgage P&I
70%
$1,910
Property Taxes
10%
$269
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0