This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $73,500 initial cash invested.
-4.49%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,590
Rent
-$275
Cashflow
Cash Flow
$2,590 income − $2,865 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,590
Total Expenses
$2,865
Mortgage P&I
74%
$1,927
Property Taxes
5%
$142
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0