This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $73,500 initial cash invested.
-6.11%
Cash On Cash
5.46%
Cap Rate
0.86
DSCR
$2,353
Rent
-$374
Cashflow
Cash Flow
$2,353 income − $2,727 expenses = $374 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,353
Total Expenses
$2,727
Mortgage P&I
79%
$1,849
Property Taxes
6%
$144
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0