This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $73,773 initial cash invested.
-16.46%
Cash On Cash
3.57%
Cap Rate
0.53
DSCR
$1,882
Rent
-$1,012
Cashflow
Cash Flow
$1,882 income − $2,894 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,773
Downpayment
20%
$70,260
Closing costs
1%
$3,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,882
Total Expenses
$2,894
Mortgage P&I
104%
$1,963
Property Taxes
17%
$314
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0