This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $73,500 initial cash invested.
-15.49%
Cash On Cash
3.48%
Cap Rate
0.54
DSCR
$1,692
Rent
-$949
Cashflow
Cash Flow
$1,692 income − $2,641 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,692
Total Expenses
$2,641
Mortgage P&I
111%
$1,880
Property Taxes
12%
$198
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0