This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $73,500 initial cash invested.
-11.64%
Cash On Cash
4.03%
Cap Rate
0.66
DSCR
$2,002
Rent
-$713
Cashflow
Cash Flow
$2,002 income − $2,715 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,002
Total Expenses
$2,715
Mortgage P&I
89%
$1,787
Property Taxes
14%
$286
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0