This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $74,865 initial cash invested.
-16.83%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$1,440
Rent
-$1,050
Cashflow
Cash Flow
$1,440 income − $2,490 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$357k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,440
Total Expenses
$2,490
Mortgage P&I
128%
$1,840
Property Taxes
10%
$145
Home Insurance
9%
$131
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0