This property looks like a bad Long-Term investment with a projected -5.84% first-year return on $73,752 initial cash invested.
-5.84%
Cash On Cash
5.55%
Cap Rate
0.87
DSCR
$2,451
Rent
-$359
Cashflow
Cash Flow
$2,451 income − $2,810 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,752
Downpayment
20%
$70,240
Closing costs
1%
$3,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,451
Total Expenses
$2,810
Mortgage P&I
76%
$1,859
Property Taxes
7%
$160
Home Insurance
5%
$126
HOA
1%
$27
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0