This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $74,403 initial cash invested.
-11.1%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$2,418
Rent
-$688
Cashflow
Cash Flow
$2,418 income − $3,106 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,418
Total Expenses
$3,106
Mortgage P&I
81%
$1,956
Property Taxes
16%
$396
Home Insurance
5%
$125
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0