This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $74,109 initial cash invested.
-13.34%
Cash On Cash
3.65%
Cap Rate
0.59
DSCR
$1,735
Rent
-$824
Cashflow
Cash Flow
$1,735 income − $2,559 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,735
Total Expenses
$2,559
Mortgage P&I
104%
$1,810
Property Taxes
10%
$167
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0