This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $74,382 initial cash invested.
-11.12%
Cash On Cash
4.11%
Cap Rate
0.67
DSCR
$2,109
Rent
-$689
Cashflow
Cash Flow
$2,109 income − $2,798 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,382
Downpayment
20%
$70,840
Closing costs
1%
$3,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,109
Total Expenses
$2,798
Mortgage P&I
85%
$1,796
Property Taxes
15%
$325
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0