This property looks like a bad Long-Term investment with a projected -19.98% first-year return on $74,550 initial cash invested.
-19.98%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$2,298
Rent
-$1,241
Cashflow
Cash Flow
$2,298 income − $3,539 expenses = $1,241 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,298
Total Expenses
$3,539
Mortgage P&I
86%
$1,971
Property Taxes
35%
$811
Home Insurance
5%
$124
HOA
2%
$35
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0