This property looks like a bad Long-Term investment with a projected -12.9% first-year return on $74,949 initial cash invested.
-12.9%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$2,371
Rent
-$806
Cashflow
Cash Flow
$2,371 income − $3,177 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,949
Downpayment
20%
$71,380
Closing costs
1%
$3,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$3,177
Mortgage P&I
84%
$1,996
Property Taxes
18%
$438
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0