This property looks like a bad Long-Term investment with a projected -9.19% first-year return on $74,193 initial cash invested.
-9.19%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$2,990
Rent
-$568
Cashflow
Cash Flow
$2,990 income − $3,558 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,193
Downpayment
20%
$70,660
Closing costs
1%
$3,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$3,558
Mortgage P&I
64%
$1,921
Property Taxes
25%
$738
Home Insurance
4%
$121
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0