This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $74,676 initial cash invested.
-14.16%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,184
Rent
-$881
Cashflow
Cash Flow
$2,184 income − $3,065 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,676
Downpayment
20%
$71,120
Closing costs
1%
$3,556
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,184
Total Expenses
$3,065
Mortgage P&I
90%
$1,955
Property Taxes
19%
$417
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0