This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $74,550 initial cash invested.
-8.39%
Cash On Cash
5.43%
Cap Rate
0.81
DSCR
$2,781
Rent
-$521
Cashflow
Cash Flow
$2,781 income − $3,302 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,781
Total Expenses
$3,302
Mortgage P&I
72%
$1,989
Property Taxes
17%
$466
Home Insurance
4%
$124
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0