This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $74,592 initial cash invested.
-13.74%
Cash On Cash
3.81%
Cap Rate
0.6
DSCR
$1,938
Rent
-$854
Cashflow
Cash Flow
$1,938 income − $2,792 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,592
Downpayment
20%
$71,040
Closing costs
1%
$3,552
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$2,792
Mortgage P&I
97%
$1,886
Property Taxes
14%
$276
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0