This property looks like a bad Long-Term investment with a projected -5.83% first-year return on $73,500 initial cash invested.
-5.83%
Cash On Cash
5.28%
Cap Rate
0.86
DSCR
$2,166
Rent
-$357
Cashflow
Cash Flow
$2,166 income − $2,523 expenses = $357 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
$2,166
Total Expenses
$2,523
Mortgage P&I
83%
$1,789
Property Taxes
2%
$49
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0