This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $74,046 initial cash invested.
-8.51%
Cash On Cash
4.81%
Cap Rate
0.78
DSCR
$2,334
Rent
-$525
Cashflow
Cash Flow
$2,334 income − $2,859 expenses = $525 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,046
Downpayment
20%
$70,520
Closing costs
1%
$3,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,334
Total Expenses
$2,859
Mortgage P&I
78%
$1,821
Property Taxes
13%
$309
Home Insurance
5%
$122
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0