This property looks like a bad Long-Term investment with a projected -13% first-year return on $73,500 initial cash invested.
-13%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$1,844
Rent
-$796
Cashflow
Cash Flow
$1,844 income − $2,640 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,844
Total Expenses
$2,640
Mortgage P&I
103%
$1,902
Property Taxes
7%
$137
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0