This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $74,445 initial cash invested.
-10.61%
Cash On Cash
4.92%
Cap Rate
0.73
DSCR
$2,153
Rent
-$658
Cashflow
Cash Flow
$2,153 income − $2,811 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,153
Total Expenses
$2,811
Mortgage P&I
93%
$2,003
Property Taxes
6%
$124
Home Insurance
6%
$124
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0