This property looks like a bad Long-Term investment with a projected -4.65% first-year return on $74,823 initial cash invested.
-4.65%
Cash On Cash
5.64%
Cap Rate
0.92
DSCR
$2,923
Rent
-$290
Cashflow
Cash Flow
$2,923 income − $3,213 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,823
Downpayment
20%
$71,260
Closing costs
1%
$3,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,923
Total Expenses
$3,213
Mortgage P&I
62%
$1,819
Property Taxes
17%
$509
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0