This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $74,109 initial cash invested.
-11.12%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$2,377
Rent
-$687
Cashflow
Cash Flow
$2,377 income − $3,064 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$353k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,377
Total Expenses
$3,064
Mortgage P&I
81%
$1,922
Property Taxes
17%
$395
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0