This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $74,991 initial cash invested.
-2.9%
Cash On Cash
6.07%
Cap Rate
0.98
DSCR
$2,918
Rent
-$181
Cashflow
Cash Flow
$2,918 income − $3,099 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,918
Total Expenses
$3,099
Mortgage P&I
63%
$1,841
Property Taxes
13%
$369
Home Insurance
4%
$130
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0