This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $74,550 initial cash invested.
-11.93%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$1,998
Rent
-$741
Cashflow
Cash Flow
$1,998 income − $2,739 expenses = $741 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
$1,998
Total Expenses
$2,739
Mortgage P&I
97%
$1,937
Property Taxes
7%
$145
Home Insurance
6%
$124
HOA
1%
$13
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0