This property looks like a bad Long-Term investment with a projected -18.47% first-year return on $74,004 initial cash invested.
-18.47%
Cash On Cash
2.67%
Cap Rate
0.43
DSCR
$1,720
Rent
-$1,139
Cashflow
Cash Flow
$1,720 income − $2,859 expenses = $1,139 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,004
Downpayment
20%
$70,480
Closing costs
1%
$3,524
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,720
Total Expenses
$2,859
Mortgage P&I
107%
$1,836
Property Taxes
26%
$447
Home Insurance
8%
$129
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0