This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $73,500 initial cash invested.
-13.58%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$2,399
Rent
-$832
Cashflow
Cash Flow
$2,399 income − $3,231 expenses = $832 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
$2,399
Total Expenses
$3,231
Mortgage P&I
80%
$1,922
Property Taxes
23%
$546
Home Insurance
5%
$122
HOA
1%
$17
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0