This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $74,676 initial cash invested.
-13.4%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$1,832
Rent
-$834
Cashflow
Cash Flow
$1,832 income − $2,666 expenses = $834 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
$1,832
Total Expenses
$2,666
Mortgage P&I
106%
$1,941
Property Taxes
7%
$122
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0