This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $74,718 initial cash invested.
-12.4%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$1,961
Rent
-$772
Cashflow
Cash Flow
$1,961 income − $2,733 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,718
Downpayment
20%
$71,160
Closing costs
1%
$3,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,733
Mortgage P&I
99%
$1,946
Property Taxes
6%
$115
Home Insurance
8%
$149
HOA
1%
$13
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0