This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $74,949 initial cash invested.
-15.9%
Cash On Cash
3.79%
Cap Rate
0.56
DSCR
$2,485
Rent
-$993
Cashflow
Cash Flow
$2,485 income − $3,478 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,949
Downpayment
20%
$71,380
Closing costs
1%
$3,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,485
Total Expenses
$3,478
Mortgage P&I
80%
$1,996
Property Taxes
29%
$711
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0