This property looks like a bad Long-Term investment with a projected -15.93% first-year return on $73,500 initial cash invested.
-15.93%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$1,803
Rent
-$976
Cashflow
Cash Flow
$1,803 income − $2,779 expenses = $976 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
$1,803
Total Expenses
$2,779
Mortgage P&I
100%
$1,804
Property Taxes
21%
$385
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0