This property looks like a bad Long-Term investment with a projected -12.04% first-year return on $75,033 initial cash invested.
-12.04%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$2,132
Rent
-$753
Cashflow
Cash Flow
$2,132 income − $2,885 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,033
Downpayment
20%
$71,460
Closing costs
1%
$3,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,132
Total Expenses
$2,885
Mortgage P&I
86%
$1,828
Property Taxes
17%
$369
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0