This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $74,298 initial cash invested.
-10.11%
Cash On Cash
4.41%
Cap Rate
0.71
DSCR
$2,075
Rent
-$626
Cashflow
Cash Flow
$2,075 income − $2,701 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,075
Total Expenses
$2,701
Mortgage P&I
88%
$1,823
Property Taxes
10%
$214
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0