This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $75,201 initial cash invested.
-14.23%
Cash On Cash
3.67%
Cap Rate
0.58
DSCR
$1,875
Rent
-$892
Cashflow
Cash Flow
$1,875 income − $2,767 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,201
Downpayment
20%
$71,620
Closing costs
1%
$3,581
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,875
Total Expenses
$2,767
Mortgage P&I
101%
$1,893
Property Taxes
14%
$257
Home Insurance
7%
$129
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0