This property looks like a bad Long-Term investment with a projected -27.52% first-year return on $73,731 initial cash invested.
-27.52%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$1,134
Rent
-$1,691
Cashflow
Cash Flow
$1,134 income − $2,825 expenses = $1,691 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,731
Downpayment
20%
$70,220
Closing costs
1%
$3,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,134
Total Expenses
$2,825
Mortgage P&I
172%
$1,945
Property Taxes
40%
$456
Home Insurance
11%
$129
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0