This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $74,508 initial cash invested.
-14.25%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$1,743
Rent
-$885
Cashflow
Cash Flow
$1,743 income − $2,628 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,508
Downpayment
20%
$70,960
Closing costs
1%
$3,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,743
Total Expenses
$2,628
Mortgage P&I
109%
$1,894
Property Taxes
9%
$157
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0