This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $74,340 initial cash invested.
-12.12%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$2,592
Rent
-$751
Cashflow
Cash Flow
$2,592 income − $3,343 expenses = $751 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$3,343
Mortgage P&I
74%
$1,905
Property Taxes
25%
$637
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0