This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $74,844 initial cash invested.
-7.9%
Cash On Cash
5.4%
Cap Rate
0.81
DSCR
$2,276
Rent
-$493
Cashflow
Cash Flow
$2,276 income − $2,769 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,276
Total Expenses
$2,769
Mortgage P&I
87%
$1,982
Property Taxes
2%
$48
Home Insurance
6%
$131
HOA
1%
$15
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0