This property looks like a bad Long-Term investment with a projected -9.27% first-year return on $73,500 initial cash invested.
-9.27%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$2,471
Rent
-$568
Cashflow
Cash Flow
$2,471 income − $3,039 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,471
Total Expenses
$3,039
Mortgage P&I
76%
$1,870
Property Taxes
16%
$404
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0