This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $74,991 initial cash invested.
-9.95%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$2,769
Rent
-$622
Cashflow
Cash Flow
$2,769 income − $3,391 expenses = $622 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,991
Downpayment
20%
$71,420
Closing costs
1%
$3,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,769
Total Expenses
$3,391
Mortgage P&I
72%
$1,981
Property Taxes
21%
$579
Home Insurance
4%
$112
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0