This property looks like a bad Long-Term investment with a projected -24.18% first-year return on $73,500 initial cash invested.
-24.18%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$897
Rent
-$1,481
Cashflow
Cash Flow
$897 income − $2,378 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
6.5%
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
$897
Total Expenses
$2,378
Mortgage P&I
198%
$1,774
Property Taxes
28%
$248
Home Insurance
14%
$122
HOA
0%
$0
Property Management
10%
$90
CapEx
5%
$45
Vacancy
6%
$54
Maintenance
5%
$45
Other
0%
$0