This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $74,550 initial cash invested.
-9.72%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$2,399
Rent
-$604
Cashflow
Cash Flow
$2,399 income − $3,003 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,399
Total Expenses
$3,003
Mortgage P&I
81%
$1,937
Property Taxes
13%
$304
Home Insurance
5%
$124
HOA
1%
$14
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0