This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $75,033 initial cash invested.
-17.24%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$1,780
Rent
-$1,078
Cashflow
Cash Flow
$1,780 income − $2,858 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,780
Total Expenses
$2,858
Mortgage P&I
109%
$1,948
Property Taxes
18%
$321
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0