This property looks like a bad Long-Term investment with a projected -6.25% first-year return on $74,739 initial cash invested.
-6.25%
Cash On Cash
5.8%
Cap Rate
0.87
DSCR
$2,701
Rent
-$389
Cashflow
Cash Flow
$2,701 income − $3,090 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,739
Downpayment
20%
$71,180
Closing costs
1%
$3,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,701
Total Expenses
$3,090
Mortgage P&I
73%
$1,974
Property Taxes
10%
$281
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0