This property looks like a bad Long-Term investment with a projected -7.86% first-year return on $74,991 initial cash invested.
-7.86%
Cash On Cash
5.33%
Cap Rate
0.81
DSCR
$2,320
Rent
-$491
Cashflow
Cash Flow
$2,320 income − $2,811 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,320
Total Expenses
$2,811
Mortgage P&I
85%
$1,961
Property Taxes
5%
$119
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0