This property looks like a bad Long-Term investment with a projected -5.53% first-year return on $74,823 initial cash invested.
-5.53%
Cash On Cash
5.33%
Cap Rate
0.87
DSCR
$2,240
Rent
-$345
Cashflow
Cash Flow
$2,240 income − $2,585 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,823
Downpayment
20%
$71,260
Closing costs
1%
$3,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,585
Mortgage P&I
81%
$1,815
Property Taxes
3%
$61
Home Insurance
6%
$127
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0