This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $73,500 initial cash invested.
-18.37%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$2,298
Rent
-$1,125
Cashflow
Cash Flow
$2,298 income − $3,423 expenses = $1,125 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
$2,298
Total Expenses
$3,423
Mortgage P&I
84%
$1,926
Property Taxes
34%
$775
Home Insurance
5%
$122
HOA
0%
$2
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0