This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $73,500 initial cash invested.
-13.52%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$2,262
Rent
-$828
Cashflow
Cash Flow
$2,262 income − $3,090 expenses = $828 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,262
Total Expenses
$3,090
Mortgage P&I
86%
$1,943
Property Taxes
19%
$437
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0