This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $74,550 initial cash invested.
-13.91%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$2,433
Rent
-$864
Cashflow
Cash Flow
$2,433 income − $3,297 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,433
Total Expenses
$3,297
Mortgage P&I
78%
$1,895
Property Taxes
27%
$645
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0