This property looks like a bad Long-Term investment with a projected -2.35% first-year return on $74,634 initial cash invested.
-2.35%
Cash On Cash
6.21%
Cap Rate
1
DSCR
$2,740
Rent
-$146
Cashflow
Cash Flow
$2,740 income − $2,886 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,740
Total Expenses
$2,886
Mortgage P&I
67%
$1,847
Property Taxes
7%
$196
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0