This property looks like a bad Long-Term investment with a projected -11.2% first-year return on $74,886 initial cash invested.
-11.2%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$2,754
Rent
-$699
Cashflow
Cash Flow
$2,754 income − $3,453 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,886
Downpayment
20%
$71,320
Closing costs
1%
$3,566
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$3,453
Mortgage P&I
70%
$1,922
Property Taxes
26%
$710
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0