This property looks like a bad Long-Term investment with a projected -20.49% first-year return on $74,844 initial cash invested.
-20.49%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$1,587
Rent
-$1,278
Cashflow
Cash Flow
$1,587 income − $2,865 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,587
Total Expenses
$2,865
Mortgage P&I
125%
$1,985
Property Taxes
21%
$340
Home Insurance
8%
$128
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0