This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $74,592 initial cash invested.
-16.06%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$1,710
Rent
-$998
Cashflow
Cash Flow
$1,710 income − $2,708 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,710
Total Expenses
$2,708
Mortgage P&I
114%
$1,948
Property Taxes
11%
$188
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0