This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $74,865 initial cash invested.
-12.61%
Cash On Cash
4.58%
Cap Rate
0.67
DSCR
$2,612
Rent
-$787
Cashflow
Cash Flow
$2,612 income − $3,399 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,865
Downpayment
20%
$71,300
Closing costs
1%
$3,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$3,399
Mortgage P&I
77%
$2,018
Property Taxes
22%
$573
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0