This property looks like a bad Long-Term investment with a projected -1.11% first-year return on $74,340 initial cash invested.
-1.11%
Cash On Cash
6.82%
Cap Rate
1.04
DSCR
$2,959
Rent
-$69
Cashflow
Cash Flow
$2,959 income − $3,028 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,959
Total Expenses
$3,028
Mortgage P&I
65%
$1,932
Property Taxes
6%
$187
Home Insurance
4%
$126
HOA
0%
$13
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0