This property looks like a bad Long-Term investment with a projected -11.55% first-year return on $74,991 initial cash invested.
-11.55%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$2,017
Rent
-$722
Cashflow
Cash Flow
$2,017 income − $2,739 expenses = $722 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,017
Total Expenses
$2,739
Mortgage P&I
94%
$1,897
Property Taxes
9%
$191
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0