This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $74,004 initial cash invested.
-8.17%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$2,685
Rent
-$504
Cashflow
Cash Flow
$2,685 income − $3,189 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,004
Downpayment
20%
$70,480
Closing costs
1%
$3,524
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,685
Total Expenses
$3,189
Mortgage P&I
72%
$1,930
Property Taxes
16%
$440
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0