This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $74,151 initial cash invested.
-15.71%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$1,817
Rent
-$971
Cashflow
Cash Flow
$1,817 income − $2,788 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,151
Downpayment
20%
$70,620
Closing costs
1%
$3,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$2,788
Mortgage P&I
102%
$1,846
Property Taxes
19%
$341
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0