This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $74,235 initial cash invested.
-10.44%
Cash On Cash
4.63%
Cap Rate
0.73
DSCR
$2,597
Rent
-$646
Cashflow
Cash Flow
$2,597 income − $3,243 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,235
Downpayment
20%
$70,700
Closing costs
1%
$3,535
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,597
Total Expenses
$3,243
Mortgage P&I
72%
$1,881
Property Taxes
22%
$581
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0