This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $73,920 initial cash invested.
-16.48%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$2,147
Rent
-$1,015
Cashflow
Cash Flow
$2,147 income − $3,162 expenses = $1,015 out of pocket
Investment Breakdown
|
Purchase Price
$352k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,920
Downpayment
20%
$70,400
Closing costs
1%
$3,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,147
Total Expenses
$3,162
Mortgage P&I
91%
$1,961
Property Taxes
24%
$521
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0