This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $73,962 initial cash invested.
-13.84%
Cash On Cash
3.86%
Cap Rate
0.61
DSCR
$2,377
Rent
-$853
Cashflow
Cash Flow
$2,377 income − $3,230 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,962
Downpayment
20%
$70,440
Closing costs
1%
$3,522
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,377
Total Expenses
$3,230
Mortgage P&I
79%
$1,868
Property Taxes
26%
$617
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0