This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $73,500 initial cash invested.
-15.3%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$1,680
Rent
-$937
Cashflow
Cash Flow
$1,680 income − $2,617 expenses = $937 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
$1,680
Total Expenses
$2,617
Mortgage P&I
115%
$1,939
Property Taxes
7%
$119
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0