This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $74,550 initial cash invested.
-17.58%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$2,417
Rent
-$1,092
Cashflow
Cash Flow
$2,417 income − $3,509 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,417
Total Expenses
$3,509
Mortgage P&I
79%
$1,907
Property Taxes
34%
$810
Home Insurance
5%
$124
HOA
2%
$39
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0