This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $74,550 initial cash invested.
-14.18%
Cash On Cash
4.11%
Cap Rate
0.61
DSCR
$2,146
Rent
-$881
Cashflow
Cash Flow
$2,146 income − $3,027 expenses = $881 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
$2,146
Total Expenses
$3,027
Mortgage P&I
93%
$1,990
Property Taxes
16%
$353
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0