This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $74,340 initial cash invested.
-13.2%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$1,792
Rent
-$818
Cashflow
Cash Flow
$1,792 income − $2,610 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,792
Total Expenses
$2,610
Mortgage P&I
106%
$1,899
Property Taxes
7%
$120
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0