This property looks like a bad Long-Term investment with a projected -17.37% first-year return on $74,697 initial cash invested.
-17.37%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,252
Rent
-$1,081
Cashflow
Cash Flow
$2,252 income − $3,333 expenses = $1,081 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,697
Downpayment
20%
$71,140
Closing costs
1%
$3,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,252
Total Expenses
$3,333
Mortgage P&I
87%
$1,959
Property Taxes
29%
$662
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0