This property looks like a bad Long-Term investment with a projected -10.51% first-year return on $74,109 initial cash invested.
-10.51%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$2,394
Rent
-$649
Cashflow
Cash Flow
$2,394 income − $3,043 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,394
Total Expenses
$3,043
Mortgage P&I
81%
$1,948
Property Taxes
15%
$348
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0