This property looks like a bad Long-Term investment with a projected -11.7% first-year return on $73,941 initial cash invested.
-11.7%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$2,369
Rent
-$721
Cashflow
Cash Flow
$2,369 income − $3,090 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,941
Downpayment
20%
$70,420
Closing costs
1%
$3,521
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,369
Total Expenses
$3,090
Mortgage P&I
82%
$1,953
Property Taxes
17%
$400
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0