This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $74,466 initial cash invested.
-10.15%
Cash On Cash
5.06%
Cap Rate
0.75
DSCR
$2,829
Rent
-$630
Cashflow
Cash Flow
$2,829 income − $3,459 expenses = $630 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,466
Downpayment
20%
$70,920
Closing costs
1%
$3,546
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,829
Total Expenses
$3,459
Mortgage P&I
70%
$1,983
Property Taxes
22%
$615
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0