This property looks like a bad Long-Term investment with a projected -7.02% first-year return on $73,500 initial cash invested.
-7.02%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$3,061
Rent
-$430
Cashflow
Cash Flow
$3,061 income − $3,491 expenses = $430 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
$3,061
Total Expenses
$3,491
Mortgage P&I
62%
$1,910
Property Taxes
22%
$663
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0