This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $74,277 initial cash invested.
-8.45%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$2,291
Rent
-$523
Cashflow
Cash Flow
$2,291 income − $2,814 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,291
Total Expenses
$2,814
Mortgage P&I
85%
$1,952
Property Taxes
6%
$140
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0