This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $74,130 initial cash invested.
-11.07%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$2,452
Rent
-$684
Cashflow
Cash Flow
$2,452 income − $3,136 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,130
Downpayment
20%
$70,600
Closing costs
1%
$3,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,452
Total Expenses
$3,136
Mortgage P&I
79%
$1,936
Property Taxes
17%
$422
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0