This property looks like a bad Long-Term investment with a projected -13.76% first-year return on $73,500 initial cash invested.
-13.76%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$2,211
Rent
-$843
Cashflow
Cash Flow
$2,211 income − $3,054 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,211
Total Expenses
$3,054
Mortgage P&I
89%
$1,957
Property Taxes
18%
$397
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0