This property looks like a bad Long-Term investment with a projected -31.05% first-year return on $73,437 initial cash invested.
-31.05%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$1,202
Rent
-$1,900
Cashflow
Cash Flow
$1,202 income − $3,102 expenses = $1,900 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,437
Downpayment
20%
$69,940
Closing costs
1%
$3,497
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,202
Total Expenses
$3,102
Mortgage P&I
157%
$1,891
Property Taxes
62%
$742
Home Insurance
13%
$157
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0