This property looks like a bad Long-Term investment with a projected -1.1% first-year return on $74,340 initial cash invested.
-1.1%
Cash On Cash
6.98%
Cap Rate
1.04
DSCR
$2,963
Rent
-$68
Cashflow
Cash Flow
$2,963 income − $3,031 expenses = $68 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,963
Total Expenses
$3,031
Mortgage P&I
67%
$1,978
Property Taxes
5%
$157
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0