This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $74,550 initial cash invested.
-12.07%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$2,022
Rent
-$750
Cashflow
Cash Flow
$2,022 income − $2,772 expenses = $750 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,022
Total Expenses
$2,772
Mortgage P&I
96%
$1,943
Property Taxes
9%
$178
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0