This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $74,424 initial cash invested.
-7.74%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$2,213
Rent
-$480
Cashflow
Cash Flow
$2,213 income − $2,693 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,424
Downpayment
20%
$70,880
Closing costs
1%
$3,544
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$2,693
Mortgage P&I
88%
$1,941
Property Taxes
2%
$50
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0