This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $75,096 initial cash invested.
-7.81%
Cash On Cash
5.12%
Cap Rate
0.81
DSCR
$2,573
Rent
-$489
Cashflow
Cash Flow
$2,573 income − $3,062 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,573
Total Expenses
$3,062
Mortgage P&I
73%
$1,886
Property Taxes
15%
$379
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0