This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $74,970 initial cash invested.
-14.98%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$1,508
Rent
-$936
Cashflow
Cash Flow
$1,508 income − $2,444 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,970
Downpayment
20%
$71,400
Closing costs
1%
$3,570
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$2,444
Mortgage P&I
125%
$1,882
Property Taxes
3%
$46
Home Insurance
8%
$125
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0