This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $73,500 initial cash invested.
-11.31%
Cash On Cash
4.35%
Cap Rate
0.69
DSCR
$2,340
Rent
-$693
Cashflow
Cash Flow
$2,340 income − $3,033 expenses = $693 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
$2,340
Total Expenses
$3,033
Mortgage P&I
79%
$1,844
Property Taxes
20%
$459
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0