This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $74,802 initial cash invested.
-9.51%
Cash On Cash
4.71%
Cap Rate
0.75
DSCR
$2,307
Rent
-$593
Cashflow
Cash Flow
$2,307 income − $2,900 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,802
Downpayment
20%
$71,240
Closing costs
1%
$3,562
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,307
Total Expenses
$2,900
Mortgage P&I
81%
$1,876
Property Taxes
13%
$296
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0