This property looks like a bad Long-Term investment with a projected -14.93% first-year return on $74,172 initial cash invested.
-14.93%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$2,163
Rent
-$923
Cashflow
Cash Flow
$2,163 income − $3,086 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,172
Downpayment
20%
$70,640
Closing costs
1%
$3,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,163
Total Expenses
$3,086
Mortgage P&I
91%
$1,965
Property Taxes
20%
$437
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0