This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $74,697 initial cash invested.
-10.83%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$2,306
Rent
-$674
Cashflow
Cash Flow
$2,306 income − $2,980 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,306
Total Expenses
$2,980
Mortgage P&I
82%
$1,893
Property Taxes
16%
$362
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0