This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $73,983 initial cash invested.
-7.95%
Cash On Cash
5.15%
Cap Rate
0.81
DSCR
$2,530
Rent
-$490
Cashflow
Cash Flow
$2,530 income − $3,020 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,983
Downpayment
20%
$70,460
Closing costs
1%
$3,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,020
Mortgage P&I
74%
$1,875
Property Taxes
14%
$357
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0