This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $73,500 initial cash invested.
-18.45%
Cash On Cash
3.15%
Cap Rate
0.47
DSCR
$2,135
Rent
-$1,130
Cashflow
Cash Flow
$2,135 income − $3,265 expenses = $1,130 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
$2,135
Total Expenses
$3,265
Mortgage P&I
91%
$1,943
Property Taxes
30%
$644
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0