This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $74,277 initial cash invested.
-9.5%
Cash On Cash
4.8%
Cap Rate
0.75
DSCR
$2,282
Rent
-$588
Cashflow
Cash Flow
$2,282 income − $2,870 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$2,870
Mortgage P&I
83%
$1,888
Property Taxes
11%
$240
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0