This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $74,949 initial cash invested.
-11.69%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$2,709
Rent
-$730
Cashflow
Cash Flow
$2,709 income − $3,439 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,709
Total Expenses
$3,439
Mortgage P&I
71%
$1,931
Property Taxes
25%
$671
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$135
Vacancy
6%
$163
Maintenance
5%
$135
Other
0%
$0