This property looks like a bad Long-Term investment with a projected -12.78% first-year return on $74,193 initial cash invested.
-12.78%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$2,105
Rent
-$790
Cashflow
Cash Flow
$2,105 income − $2,895 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,193
Downpayment
20%
$70,660
Closing costs
1%
$3,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,105
Total Expenses
$2,895
Mortgage P&I
93%
$1,968
Property Taxes
12%
$250
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0