This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $74,991 initial cash invested.
-13.54%
Cash On Cash
3.86%
Cap Rate
0.61
DSCR
$2,107
Rent
-$846
Cashflow
Cash Flow
$2,107 income − $2,953 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$2,953
Mortgage P&I
90%
$1,889
Property Taxes
18%
$377
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0