This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $73,983 initial cash invested.
-10.35%
Cash On Cash
5%
Cap Rate
0.74
DSCR
$2,316
Rent
-$638
Cashflow
Cash Flow
$2,316 income − $2,954 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,983
Downpayment
20%
$70,460
Closing costs
1%
$3,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,316
Total Expenses
$2,954
Mortgage P&I
86%
$1,991
Property Taxes
10%
$236
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0