This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $74,403 initial cash invested.
-7.42%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$2,456
Rent
-$460
Cashflow
Cash Flow
$2,456 income − $2,916 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,456
Total Expenses
$2,916
Mortgage P&I
80%
$1,957
Property Taxes
4%
$103
Home Insurance
5%
$117
HOA
4%
$100
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0