This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $74,550 initial cash invested.
-16.84%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$1,881
Rent
-$1,046
Cashflow
Cash Flow
$1,881 income − $2,927 expenses = $1,046 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
$1,881
Total Expenses
$2,927
Mortgage P&I
100%
$1,889
Property Taxes
23%
$425
Home Insurance
7%
$124
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0