This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $74,760 initial cash invested.
-10.3%
Cash On Cash
4.68%
Cap Rate
0.72
DSCR
$2,049
Rent
-$642
Cashflow
Cash Flow
$2,049 income − $2,691 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,760
Downpayment
20%
$71,200
Closing costs
1%
$3,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,049
Total Expenses
$2,691
Mortgage P&I
94%
$1,929
Property Taxes
5%
$102
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0