This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $74,802 initial cash invested.
-7.64%
Cash On Cash
5.58%
Cap Rate
0.83
DSCR
$2,778
Rent
-$476
Cashflow
Cash Flow
$2,778 income − $3,254 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,778
Total Expenses
$3,254
Mortgage P&I
72%
$1,994
Property Taxes
12%
$341
Home Insurance
5%
$128
HOA
2%
$68
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0