This property looks like a bad Long-Term investment with a projected -8.53% first-year return on $74,298 initial cash invested.
-8.53%
Cash On Cash
4.99%
Cap Rate
0.79
DSCR
$2,621
Rent
-$528
Cashflow
Cash Flow
$2,621 income − $3,149 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,621
Total Expenses
$3,149
Mortgage P&I
71%
$1,869
Property Taxes
18%
$473
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0