This property looks like a bad Long-Term investment with a projected -2.11% first-year return on $75,178 initial cash invested.
-2.11%
Cash On Cash
6.57%
Cap Rate
1.01
DSCR
$2,849
Rent
-$132
Cashflow
Cash Flow
$2,849 income − $2,981 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,178
Downpayment
20%
$71,598
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,849
Total Expenses
$2,981
Mortgage P&I
68%
$1,949
Property Taxes
3%
$81
Home Insurance
4%
$125
HOA
3%
$86
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0