This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $74,907 initial cash invested.
-10.65%
Cash On Cash
4.4%
Cap Rate
0.71
DSCR
$2,676
Rent
-$665
Cashflow
Cash Flow
$2,676 income − $3,341 expenses = $665 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,907
Downpayment
20%
$71,340
Closing costs
1%
$3,567
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,676
Total Expenses
$3,341
Mortgage P&I
69%
$1,839
Property Taxes
25%
$674
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0