This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $74,823 initial cash invested.
-14.66%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,291
Rent
-$914
Cashflow
Cash Flow
$2,291 income − $3,205 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,291
Total Expenses
$3,205
Mortgage P&I
86%
$1,978
Property Taxes
22%
$505
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0