This property looks like a bad Long-Term investment with a projected -15.02% first-year return on $74,550 initial cash invested.
-15.02%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$1,928
Rent
-$933
Cashflow
Cash Flow
$1,928 income − $2,861 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,928
Total Expenses
$2,861
Mortgage P&I
102%
$1,970
Property Taxes
13%
$250
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0