This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $74,550 initial cash invested.
-9.87%
Cash On Cash
4.42%
Cap Rate
0.72
DSCR
$1,838
Rent
-$613
Cashflow
Cash Flow
$1,838 income − $2,451 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,838
Total Expenses
$2,451
Mortgage P&I
100%
$1,830
Property Taxes
1%
$19
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0