This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $74,571 initial cash invested.
-12.91%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,531
Rent
-$802
Cashflow
Cash Flow
$2,531 income − $3,333 expenses = $802 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,571
Downpayment
20%
$71,020
Closing costs
1%
$3,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,531
Total Expenses
$3,333
Mortgage P&I
76%
$1,934
Property Taxes
13%
$337
Home Insurance
5%
$126
HOA
11%
$277
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0