This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $74,634 initial cash invested.
-15.47%
Cash On Cash
3.75%
Cap Rate
0.56
DSCR
$2,056
Rent
-$962
Cashflow
Cash Flow
$2,056 income − $3,018 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,056
Total Expenses
$3,018
Mortgage P&I
96%
$1,971
Property Taxes
19%
$388
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0