This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $74,802 initial cash invested.
-14.68%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$2,165
Rent
-$915
Cashflow
Cash Flow
$2,165 income − $3,080 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,802
Downpayment
20%
$71,240
Closing costs
1%
$3,562
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$3,080
Mortgage P&I
91%
$1,968
Property Taxes
17%
$376
Home Insurance
6%
$127
HOA
2%
$47
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0