This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $74,130 initial cash invested.
-10.91%
Cash On Cash
4.18%
Cap Rate
0.69
DSCR
$2,181
Rent
-$674
Cashflow
Cash Flow
$2,181 income − $2,855 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,181
Total Expenses
$2,855
Mortgage P&I
82%
$1,795
Property Taxes
17%
$367
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0