This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $75,369 initial cash invested.
-15.17%
Cash On Cash
3.38%
Cap Rate
0.54
DSCR
$1,962
Rent
-$953
Cashflow
Cash Flow
$1,962 income − $2,915 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,915
Mortgage P&I
95%
$1,866
Property Taxes
21%
$408
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0