This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $74,340 initial cash invested.
-8.28%
Cash On Cash
4.83%
Cap Rate
0.78
DSCR
$2,286
Rent
-$513
Cashflow
Cash Flow
$2,286 income − $2,799 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$2,799
Mortgage P&I
80%
$1,823
Property Taxes
11%
$258
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0