This property looks like a bad Long-Term investment with a projected -2.28% first-year return on $74,298 initial cash invested.
-2.28%
Cash On Cash
6.43%
Cap Rate
1.01
DSCR
$3,218
Rent
-$141
Cashflow
Cash Flow
$3,218 income − $3,359 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,298
Downpayment
20%
$70,760
Closing costs
1%
$3,538
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,218
Total Expenses
$3,359
Mortgage P&I
58%
$1,875
Property Taxes
14%
$449
Home Insurance
6%
$198
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0