This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $75,054 initial cash invested.
-14.49%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,209
Rent
-$906
Cashflow
Cash Flow
$2,209 income − $3,115 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,054
Downpayment
20%
$71,480
Closing costs
1%
$3,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$3,115
Mortgage P&I
89%
$1,970
Property Taxes
13%
$290
Home Insurance
6%
$131
HOA
7%
$150
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0