This property looks like a bad Long-Term investment with a projected -21.01% first-year return on $74,550 initial cash invested.
-21.01%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$1,391
Rent
-$1,305
Cashflow
Cash Flow
$1,391 income − $2,696 expenses = $1,305 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,391
Total Expenses
$2,696
Mortgage P&I
140%
$1,945
Property Taxes
19%
$265
Home Insurance
9%
$124
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$83
Maintenance
5%
$70
Other
0%
$0