This property looks like a bad Long-Term investment with a projected -17.16% first-year return on $74,277 initial cash invested.
-17.16%
Cash On Cash
3.21%
Cap Rate
0.5
DSCR
$2,152
Rent
-$1,062
Cashflow
Cash Flow
$2,152 income − $3,214 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,277
Downpayment
20%
$70,740
Closing costs
1%
$3,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,152
Total Expenses
$3,214
Mortgage P&I
88%
$1,900
Property Taxes
29%
$623
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0