This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $74,361 initial cash invested.
-16.88%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$2,232
Rent
-$1,046
Cashflow
Cash Flow
$2,232 income − $3,278 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,361
Downpayment
20%
$70,820
Closing costs
1%
$3,541
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$3,278
Mortgage P&I
85%
$1,902
Property Taxes
29%
$640
Home Insurance
6%
$130
HOA
1%
$25
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0