This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $73,500 initial cash invested.
-12.15%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$1,825
Rent
-$744
Cashflow
Cash Flow
$1,825 income − $2,569 expenses = $744 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
$1,825
Total Expenses
$2,569
Mortgage P&I
98%
$1,787
Property Taxes
10%
$186
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0