This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $74,550 initial cash invested.
-10.06%
Cash On Cash
4.68%
Cap Rate
0.73
DSCR
$2,374
Rent
-$625
Cashflow
Cash Flow
$2,374 income − $2,999 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,374
Total Expenses
$2,999
Mortgage P&I
80%
$1,891
Property Taxes
15%
$367
Home Insurance
5%
$124
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0