This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $74,550 initial cash invested.
-10.12%
Cash On Cash
4.93%
Cap Rate
0.74
DSCR
$2,512
Rent
-$629
Cashflow
Cash Flow
$2,512 income − $3,141 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,512
Total Expenses
$3,141
Mortgage P&I
78%
$1,962
Property Taxes
15%
$376
Home Insurance
5%
$124
HOA
1%
$25
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0