This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $73,794 initial cash invested.
-17.04%
Cash On Cash
3.44%
Cap Rate
0.51
DSCR
$1,837
Rent
-$1,048
Cashflow
Cash Flow
$1,837 income − $2,885 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,794
Downpayment
20%
$70,280
Closing costs
1%
$3,514
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,837
Total Expenses
$2,885
Mortgage P&I
107%
$1,964
Property Taxes
17%
$317
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0