This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $74,760 initial cash invested.
-13.77%
Cash On Cash
4.28%
Cap Rate
0.63
DSCR
$2,029
Rent
-$858
Cashflow
Cash Flow
$2,029 income − $2,887 expenses = $858 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,760
Downpayment
20%
$71,200
Closing costs
1%
$3,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,029
Total Expenses
$2,887
Mortgage P&I
100%
$2,028
Property Taxes
10%
$204
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0