This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $75,012 initial cash invested.
-9.45%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$2,240
Rent
-$591
Cashflow
Cash Flow
$2,240 income − $2,831 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,012
Downpayment
20%
$71,440
Closing costs
1%
$3,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,831
Mortgage P&I
87%
$1,955
Property Taxes
6%
$144
Home Insurance
5%
$117
HOA
1%
$33
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0