This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $73,500 initial cash invested.
-17.44%
Cash On Cash
3.41%
Cap Rate
0.51
DSCR
$2,025
Rent
-$1,068
Cashflow
Cash Flow
$2,025 income − $3,093 expenses = $1,068 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
$2,025
Total Expenses
$3,093
Mortgage P&I
97%
$1,961
Property Taxes
24%
$484
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0