This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $74,151 initial cash invested.
-9.01%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$2,130
Rent
-$557
Cashflow
Cash Flow
$2,130 income − $2,687 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,151
Downpayment
20%
$70,620
Closing costs
1%
$3,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,130
Total Expenses
$2,687
Mortgage P&I
89%
$1,894
Property Taxes
6%
$118
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0