This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $73,500 initial cash invested.
-1.49%
Cash On Cash
6.31%
Cap Rate
1.03
DSCR
$2,887
Rent
-$91
Cashflow
Cash Flow
$2,887 income − $2,978 expenses = $91 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
$2,887
Total Expenses
$2,978
Mortgage P&I
62%
$1,788
Property Taxes
11%
$318
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0