This property looks like a bad Long-Term investment with a projected -15.91% first-year return on $73,836 initial cash invested.
-15.91%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$1,581
Rent
-$979
Cashflow
Cash Flow
$1,581 income − $2,560 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,836
Downpayment
20%
$70,320
Closing costs
1%
$3,516
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,581
Total Expenses
$2,560
Mortgage P&I
123%
$1,944
Property Taxes
5%
$79
Home Insurance
8%
$126
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0