This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $74,970 initial cash invested.
-5.25%
Cash On Cash
5.9%
Cap Rate
0.9
DSCR
$2,559
Rent
-$328
Cashflow
Cash Flow
$2,559 income − $2,887 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,559
Total Expenses
$2,887
Mortgage P&I
76%
$1,955
Property Taxes
5%
$140
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0