This property looks like a bad Long-Term investment with a projected -22.63% first-year return on $73,500 initial cash invested.
-22.63%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$1,122
Rent
-$1,386
Cashflow
Cash Flow
$1,122 income − $2,508 expenses = $1,386 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
$1,122
Total Expenses
$2,508
Mortgage P&I
171%
$1,917
Property Taxes
16%
$178
Home Insurance
11%
$122
HOA
0%
$0
Property Management
10%
$112
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0