This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $74,445 initial cash invested.
-14.18%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$1,775
Rent
-$880
Cashflow
Cash Flow
$1,775 income − $2,655 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,775
Total Expenses
$2,655
Mortgage P&I
109%
$1,941
Property Taxes
7%
$126
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0