This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $74,655 initial cash invested.
-10.05%
Cash On Cash
5%
Cap Rate
0.75
DSCR
$2,668
Rent
-$625
Cashflow
Cash Flow
$2,668 income − $3,293 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,655
Downpayment
20%
$71,100
Closing costs
1%
$3,555
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,668
Total Expenses
$3,293
Mortgage P&I
74%
$1,973
Property Taxes
19%
$503
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0