This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $73,773 initial cash invested.
-9.03%
Cash On Cash
5.18%
Cap Rate
0.78
DSCR
$2,353
Rent
-$555
Cashflow
Cash Flow
$2,353 income − $2,908 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,353
Total Expenses
$2,908
Mortgage P&I
83%
$1,954
Property Taxes
9%
$218
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0