This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $74,844 initial cash invested.
-18.45%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$1,834
Rent
-$1,151
Cashflow
Cash Flow
$1,834 income − $2,985 expenses = $1,151 out of pocket
Investment Breakdown
|
Purchase Price
$356k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,844
Downpayment
20%
$71,280
Closing costs
1%
$3,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,834
Total Expenses
$2,985
Mortgage P&I
108%
$1,973
Property Taxes
22%
$408
Home Insurance
7%
$127
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0