This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $74,340 initial cash invested.
-17.71%
Cash On Cash
3.46%
Cap Rate
0.5
DSCR
$1,773
Rent
-$1,097
Cashflow
Cash Flow
$1,773 income − $2,870 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,340
Downpayment
20%
$70,800
Closing costs
1%
$3,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,773
Total Expenses
$2,870
Mortgage P&I
114%
$2,028
Property Taxes
14%
$253
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0