This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $74,655 initial cash invested.
-13.58%
Cash On Cash
4.25%
Cap Rate
0.63
DSCR
$2,169
Rent
-$845
Cashflow
Cash Flow
$2,169 income − $3,014 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,655
Downpayment
20%
$71,100
Closing costs
1%
$3,555
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,169
Total Expenses
$3,014
Mortgage P&I
92%
$1,997
Property Taxes
14%
$304
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0