This property looks like a bad Long-Term investment with a projected -4.34% first-year return on $74,865 initial cash invested.
-4.34%
Cash On Cash
5.96%
Cap Rate
0.94
DSCR
$2,999
Rent
-$271
Cashflow
Cash Flow
$2,999 income − $3,270 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$3,270
Mortgage P&I
63%
$1,891
Property Taxes
16%
$471
Home Insurance
4%
$128
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0