This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $74,109 initial cash invested.
-9.26%
Cash On Cash
5.12%
Cap Rate
0.77
DSCR
$2,426
Rent
-$572
Cashflow
Cash Flow
$2,426 income − $2,998 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,109
Downpayment
20%
$70,580
Closing costs
1%
$3,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$2,998
Mortgage P&I
81%
$1,958
Property Taxes
12%
$283
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0