This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $73,899 initial cash invested.
-7.88%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$2,343
Rent
-$485
Cashflow
Cash Flow
$2,343 income − $2,828 expenses = $485 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,899
Downpayment
20%
$70,380
Closing costs
1%
$3,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,343
Total Expenses
$2,828
Mortgage P&I
80%
$1,879
Property Taxes
9%
$200
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0