This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $74,445 initial cash invested.
-15.35%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$2,078
Rent
-$952
Cashflow
Cash Flow
$2,078 income − $3,030 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$3,030
Mortgage P&I
93%
$1,929
Property Taxes
10%
$211
Home Insurance
6%
$126
HOA
11%
$223
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0