This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $74,235 initial cash invested.
-14.16%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$2,060
Rent
-$876
Cashflow
Cash Flow
$2,060 income − $2,936 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,060
Total Expenses
$2,936
Mortgage P&I
93%
$1,914
Property Taxes
17%
$360
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0