This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $73,500 initial cash invested.
-8.65%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$2,199
Rent
-$530
Cashflow
Cash Flow
$2,199 income − $2,729 expenses = $530 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
$2,199
Total Expenses
$2,729
Mortgage P&I
87%
$1,910
Property Taxes
6%
$125
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0