This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $73,500 initial cash invested.
-12.65%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$2,187
Rent
-$775
Cashflow
Cash Flow
$2,187 income − $2,962 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,187
Total Expenses
$2,962
Mortgage P&I
85%
$1,862
Property Taxes
18%
$394
Home Insurance
6%
$122
HOA
1%
$16
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0