This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $74,277 initial cash invested.
-9.5%
Cash On Cash
4.65%
Cap Rate
0.74
DSCR
$2,274
Rent
-$588
Cashflow
Cash Flow
$2,274 income − $2,862 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,274
Total Expenses
$2,862
Mortgage P&I
81%
$1,846
Property Taxes
13%
$295
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0