This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $74,571 initial cash invested.
-17.35%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$2,247
Rent
-$1,078
Cashflow
Cash Flow
$2,247 income − $3,325 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,571
Downpayment
20%
$71,020
Closing costs
1%
$3,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,247
Total Expenses
$3,325
Mortgage P&I
87%
$1,954
Property Taxes
29%
$659
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0