This property looks like a bad Long-Term investment with a projected -7.63% first-year return on $75,180 initial cash invested.
-7.63%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$2,605
Rent
-$478
Cashflow
Cash Flow
$2,605 income − $3,083 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$3,083
Mortgage P&I
73%
$1,913
Property Taxes
14%
$365
Home Insurance
5%
$129
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0