This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $74,046 initial cash invested.
-13.53%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,078
Rent
-$835
Cashflow
Cash Flow
$2,078 income − $2,913 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,078
Total Expenses
$2,913
Mortgage P&I
91%
$1,894
Property Taxes
17%
$353
Home Insurance
6%
$125
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0