This property looks like a bad Long-Term investment with a projected -17.32% first-year return on $73,500 initial cash invested.
-17.32%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$1,487
Rent
-$1,061
Cashflow
Cash Flow
$1,487 income − $2,548 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,487
Total Expenses
$2,548
Mortgage P&I
125%
$1,865
Property Taxes
12%
$175
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0