This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $73,500 initial cash invested.
-13.96%
Cash On Cash
3.74%
Cap Rate
0.59
DSCR
$1,703
Rent
-$855
Cashflow
Cash Flow
$1,703 income − $2,558 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,703
Total Expenses
$2,558
Mortgage P&I
109%
$1,862
Property Taxes
8%
$132
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0