This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $74,907 initial cash invested.
-13.34%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$2,161
Rent
-$833
Cashflow
Cash Flow
$2,161 income − $2,994 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,907
Downpayment
20%
$71,340
Closing costs
1%
$3,567
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,161
Total Expenses
$2,994
Mortgage P&I
88%
$1,900
Property Taxes
19%
$406
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0