This property looks like a bad Long-Term investment with a projected -4.28% first-year return on $73,500 initial cash invested.
-4.28%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$2,618
Rent
-$262
Cashflow
Cash Flow
$2,618 income − $2,880 expenses = $262 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
$2,618
Total Expenses
$2,880
Mortgage P&I
74%
$1,940
Property Taxes
5%
$137
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0