This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $74,403 initial cash invested.
-7.66%
Cash On Cash
5.26%
Cap Rate
0.81
DSCR
$2,283
Rent
-$475
Cashflow
Cash Flow
$2,283 income − $2,758 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,283
Total Expenses
$2,758
Mortgage P&I
84%
$1,913
Property Taxes
6%
$126
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0