This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $73,500 initial cash invested.
-8.15%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$2,511
Rent
-$499
Cashflow
Cash Flow
$2,511 income − $3,010 expenses = $499 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
$2,511
Total Expenses
$3,010
Mortgage P&I
74%
$1,855
Property Taxes
15%
$379
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0