This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $74,550 initial cash invested.
-9.18%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$2,420
Rent
-$570
Cashflow
Cash Flow
$2,420 income − $2,990 expenses = $570 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,420
Total Expenses
$2,990
Mortgage P&I
80%
$1,937
Property Taxes
12%
$296
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0