This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $74,445 initial cash invested.
-17.52%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$1,971
Rent
-$1,087
Cashflow
Cash Flow
$1,971 income − $3,058 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,445
Downpayment
20%
$70,900
Closing costs
1%
$3,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$3,058
Mortgage P&I
100%
$1,965
Property Taxes
23%
$461
Home Insurance
6%
$119
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0