This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $74,424 initial cash invested.
-7.61%
Cash On Cash
5.08%
Cap Rate
0.82
DSCR
$2,709
Rent
-$472
Cashflow
Cash Flow
$2,709 income − $3,181 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,424
Downpayment
20%
$70,880
Closing costs
1%
$3,544
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,709
Total Expenses
$3,181
Mortgage P&I
68%
$1,836
Property Taxes
19%
$519
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$163
Maintenance
5%
$135
Other
0%
$0