This property looks like a bad Long-Term investment with a projected -6.87% first-year return on $74,277 initial cash invested.
-6.87%
Cash On Cash
5.03%
Cap Rate
0.83
DSCR
$2,214
Rent
-$425
Cashflow
Cash Flow
$2,214 income − $2,639 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$2,639
Mortgage P&I
81%
$1,798
Property Taxes
6%
$136
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0