This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $73,500 initial cash invested.
-9.99%
Cash On Cash
4.34%
Cap Rate
0.72
DSCR
$2,178
Rent
-$612
Cashflow
Cash Flow
$2,178 income − $2,790 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,178
Total Expenses
$2,790
Mortgage P&I
81%
$1,770
Property Taxes
15%
$331
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0