This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $74,382 initial cash invested.
-6.79%
Cash On Cash
5.27%
Cap Rate
0.85
DSCR
$2,733
Rent
-$421
Cashflow
Cash Flow
$2,733 income − $3,154 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,382
Downpayment
20%
$70,840
Closing costs
1%
$3,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,733
Total Expenses
$3,154
Mortgage P&I
67%
$1,841
Property Taxes
17%
$478
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0