This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $74,529 initial cash invested.
-12.41%
Cash On Cash
3.92%
Cap Rate
0.63
DSCR
$1,829
Rent
-$771
Cashflow
Cash Flow
$1,829 income − $2,600 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,529
Downpayment
20%
$70,980
Closing costs
1%
$3,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,600
Mortgage P&I
100%
$1,838
Property Taxes
9%
$159
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0