This property looks like a bad Long-Term investment with a projected -9.91% first-year return on $73,500 initial cash invested.
-9.91%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$2,765
Rent
-$607
Cashflow
Cash Flow
$2,765 income − $3,372 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,765
Total Expenses
$3,372
Mortgage P&I
70%
$1,942
Property Taxes
21%
$590
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0