This property looks like a bad Long-Term investment with a projected -8.77% first-year return on $75,012 initial cash invested.
-8.77%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$2,206
Rent
-$548
Cashflow
Cash Flow
$2,206 income − $2,754 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,012
Downpayment
20%
$71,440
Closing costs
1%
$3,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,206
Total Expenses
$2,754
Mortgage P&I
87%
$1,922
Property Taxes
6%
$122
Home Insurance
6%
$127
HOA
0%
$10
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0