This property looks like a bad Long-Term investment with a projected -14.66% first-year return on $74,550 initial cash invested.
-14.66%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$2,074
Rent
-$911
Cashflow
Cash Flow
$2,074 income − $2,985 expenses = $911 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
$2,074
Total Expenses
$2,985
Mortgage P&I
94%
$1,951
Property Taxes
5%
$106
Home Insurance
6%
$124
HOA
13%
$265
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0