This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $73,500 initial cash invested.
-12.98%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$1,622
Rent
-$795
Cashflow
Cash Flow
$1,622 income − $2,417 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,622
Total Expenses
$2,417
Mortgage P&I
112%
$1,810
Property Taxes
4%
$64
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0