This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $74,886 initial cash invested.
-11.02%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$2,344
Rent
-$688
Cashflow
Cash Flow
$2,344 income − $3,032 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,886
Downpayment
20%
$71,320
Closing costs
1%
$3,566
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,344
Total Expenses
$3,032
Mortgage P&I
81%
$1,898
Property Taxes
15%
$349
Home Insurance
5%
$128
HOA
2%
$48
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0