This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $74,718 initial cash invested.
-9.68%
Cash On Cash
5.27%
Cap Rate
0.77
DSCR
$2,877
Rent
-$603
Cashflow
Cash Flow
$2,877 income − $3,480 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,718
Downpayment
20%
$71,160
Closing costs
1%
$3,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,877
Total Expenses
$3,480
Mortgage P&I
70%
$2,022
Property Taxes
20%
$580
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0