This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $73,500 initial cash invested.
-11.85%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,314
Rent
-$726
Cashflow
Cash Flow
$2,314 income − $3,040 expenses = $726 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
$2,314
Total Expenses
$3,040
Mortgage P&I
82%
$1,906
Property Taxes
18%
$410
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0