This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $74,340 initial cash invested.
-13.09%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$2,310
Rent
-$811
Cashflow
Cash Flow
$2,310 income − $3,121 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,310
Total Expenses
$3,121
Mortgage P&I
79%
$1,815
Property Taxes
25%
$580
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0