This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $74,424 initial cash invested.
-7.43%
Cash On Cash
4.92%
Cap Rate
0.81
DSCR
$2,332
Rent
-$461
Cashflow
Cash Flow
$2,332 income − $2,793 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,424
Downpayment
20%
$70,880
Closing costs
1%
$3,544
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$2,793
Mortgage P&I
77%
$1,796
Property Taxes
10%
$243
Home Insurance
5%
$126
HOA
1%
$21
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0