This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $74,844 initial cash invested.
-11.94%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$2,208
Rent
-$745
Cashflow
Cash Flow
$2,208 income − $2,953 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$2,953
Mortgage P&I
87%
$1,929
Property Taxes
15%
$329
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0