This property looks like a bad Long-Term investment with a projected -5.78% first-year return on $75,390 initial cash invested.
-5.78%
Cash On Cash
5.78%
Cap Rate
0.89
DSCR
$2,896
Rent
-$363
Cashflow
Cash Flow
$2,896 income − $3,259 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,896
Total Expenses
$3,259
Mortgage P&I
67%
$1,948
Property Taxes
15%
$431
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0