This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $74,697 initial cash invested.
-13.17%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$2,360
Rent
-$820
Cashflow
Cash Flow
$2,360 income − $3,180 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$3,180
Mortgage P&I
83%
$1,953
Property Taxes
14%
$334
Home Insurance
5%
$126
HOA
6%
$153
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0