This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $73,500 initial cash invested.
-15.48%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$1,954
Rent
-$948
Cashflow
Cash Flow
$1,954 income − $2,902 expenses = $948 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
$1,954
Total Expenses
$2,902
Mortgage P&I
96%
$1,870
Property Taxes
21%
$402
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0