This property looks like a bad Long-Term investment with a projected -6.78% first-year return on $73,962 initial cash invested.
-6.78%
Cash On Cash
5.18%
Cap Rate
0.84
DSCR
$2,453
Rent
-$418
Cashflow
Cash Flow
$2,453 income − $2,871 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,962
Downpayment
20%
$70,440
Closing costs
1%
$3,522
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,453
Total Expenses
$2,871
Mortgage P&I
74%
$1,815
Property Taxes
5%
$126
Home Insurance
6%
$136
HOA
6%
$156
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0