This property looks like a bad Long-Term investment with a projected -2.84% first-year return on $73,500 initial cash invested.
-2.84%
Cash On Cash
6.01%
Cap Rate
0.97
DSCR
$2,583
Rent
-$174
Cashflow
Cash Flow
$2,583 income − $2,757 expenses = $174 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
$2,583
Total Expenses
$2,757
Mortgage P&I
70%
$1,798
Property Taxes
6%
$166
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0