This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $74,550 initial cash invested.
-18.08%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$1,833
Rent
-$1,123
Cashflow
Cash Flow
$1,833 income − $2,956 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,833
Total Expenses
$2,956
Mortgage P&I
103%
$1,891
Property Taxes
25%
$464
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0