This property looks like a bad Long-Term investment with a projected -7.39% first-year return on $74,046 initial cash invested.
-7.39%
Cash On Cash
5.02%
Cap Rate
0.81
DSCR
$2,395
Rent
-$456
Cashflow
Cash Flow
$2,395 income − $2,851 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,046
Downpayment
20%
$70,520
Closing costs
1%
$3,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,395
Total Expenses
$2,851
Mortgage P&I
76%
$1,812
Property Taxes
11%
$258
Home Insurance
5%
$126
HOA
1%
$31
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0