This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $74,298 initial cash invested.
-10.19%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$2,478
Rent
-$631
Cashflow
Cash Flow
$2,478 income − $3,109 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,298
Downpayment
20%
$70,760
Closing costs
1%
$3,538
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,109
Mortgage P&I
78%
$1,922
Property Taxes
16%
$406
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0