This property looks like a bad Long-Term investment with a projected -12.63% first-year return on $75,033 initial cash invested.
-12.63%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$2,189
Rent
-$790
Cashflow
Cash Flow
$2,189 income − $2,979 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,033
Downpayment
20%
$71,460
Closing costs
1%
$3,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$2,979
Mortgage P&I
88%
$1,936
Property Taxes
13%
$293
Home Insurance
6%
$124
HOA
3%
$58
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0