This property looks like a bad Long-Term investment with a projected -9.04% first-year return on $74,319 initial cash invested.
-9.04%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$2,375
Rent
-$560
Cashflow
Cash Flow
$2,375 income − $2,935 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,319
Downpayment
20%
$70,780
Closing costs
1%
$3,539
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$2,935
Mortgage P&I
80%
$1,909
Property Taxes
10%
$237
Home Insurance
7%
$158
HOA
1%
$13
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0