This property looks like a bad Long-Term investment with a projected -3.8% first-year return on $75,453 initial cash invested.
-3.8%
Cash On Cash
6.23%
Cap Rate
0.95
DSCR
$3,002
Rent
-$239
Cashflow
Cash Flow
$3,002 income − $3,241 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,453
Downpayment
20%
$71,860
Closing costs
1%
$3,593
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$3,241
Mortgage P&I
65%
$1,953
Property Taxes
13%
$382
Home Insurance
4%
$126
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0