This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $74,361 initial cash invested.
-12.97%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$1,964
Rent
-$804
Cashflow
Cash Flow
$1,964 income − $2,768 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,361
Downpayment
20%
$70,820
Closing costs
1%
$3,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,964
Total Expenses
$2,768
Mortgage P&I
98%
$1,932
Property Taxes
10%
$200
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0