This property looks like a bad Long-Term investment with a projected -9.21% first-year return on $74,634 initial cash invested.
-9.21%
Cash On Cash
4.45%
Cap Rate
0.74
DSCR
$2,210
Rent
-$573
Cashflow
Cash Flow
$2,210 income − $2,783 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,634
Downpayment
20%
$71,080
Closing costs
1%
$3,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,210
Total Expenses
$2,783
Mortgage P&I
81%
$1,780
Property Taxes
14%
$299
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0