This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $74,970 initial cash invested.
-17.05%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$1,408
Rent
-$1,065
Cashflow
Cash Flow
$1,408 income − $2,473 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,408
Total Expenses
$2,473
Mortgage P&I
136%
$1,914
Property Taxes
5%
$69
Home Insurance
9%
$125
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0