This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $75,894 initial cash invested.
-16.54%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$2,420
Rent
-$1,046
Cashflow
Cash Flow
$2,420 income − $3,466 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,894
Downpayment
20%
$72,280
Closing costs
1%
$3,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,420
Total Expenses
$3,466
Mortgage P&I
83%
$2,005
Property Taxes
29%
$702
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0