This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $74,445 initial cash invested.
-12.41%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,521
Rent
-$770
Cashflow
Cash Flow
$2,521 income − $3,291 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,521
Total Expenses
$3,291
Mortgage P&I
75%
$1,894
Property Taxes
24%
$616
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0