This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $75,306 initial cash invested.
-8.22%
Cash On Cash
4.78%
Cap Rate
0.78
DSCR
$2,362
Rent
-$516
Cashflow
Cash Flow
$2,362 income − $2,878 expenses = $516 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,306
Downpayment
20%
$71,720
Closing costs
1%
$3,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$2,878
Mortgage P&I
77%
$1,827
Property Taxes
13%
$308
Home Insurance
5%
$129
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0