This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $74,592 initial cash invested.
-10.34%
Cash On Cash
4.83%
Cap Rate
0.73
DSCR
$2,178
Rent
-$643
Cashflow
Cash Flow
$2,178 income − $2,821 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,592
Downpayment
20%
$71,040
Closing costs
1%
$3,552
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,178
Total Expenses
$2,821
Mortgage P&I
90%
$1,963
Property Taxes
8%
$165
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0