This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $74,403 initial cash invested.
-16.74%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,100
Rent
-$1,038
Cashflow
Cash Flow
$2,100 income − $3,138 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,403
Downpayment
20%
$70,860
Closing costs
1%
$3,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$3,138
Mortgage P&I
91%
$1,920
Property Taxes
26%
$544
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0