This property looks like a bad Long-Term investment with a projected -3.44% first-year return on $74,718 initial cash invested.
-3.44%
Cash On Cash
6.54%
Cap Rate
0.97
DSCR
$3,246
Rent
-$214
Cashflow
Cash Flow
$3,246 income − $3,460 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,718
Downpayment
20%
$71,160
Closing costs
1%
$3,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,246
Total Expenses
$3,460
Mortgage P&I
61%
$1,990
Property Taxes
15%
$498
Home Insurance
4%
$128
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0