This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $73,920 initial cash invested.
-14.48%
Cash On Cash
3.73%
Cap Rate
0.58
DSCR
$1,847
Rent
-$892
Cashflow
Cash Flow
$1,847 income − $2,739 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,920
Downpayment
20%
$70,400
Closing costs
1%
$3,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,847
Total Expenses
$2,739
Mortgage P&I
103%
$1,895
Property Taxes
13%
$241
Home Insurance
7%
$123
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0