This property looks like a bad Long-Term investment with a projected -16.13% first-year return on $73,500 initial cash invested.
-16.13%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$2,015
Rent
-$988
Cashflow
Cash Flow
$2,015 income − $3,003 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$350k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,015
Total Expenses
$3,003
Mortgage P&I
96%
$1,936
Property Taxes
21%
$420
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0