This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $75,159 initial cash invested.
-14.58%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$1,946
Rent
-$913
Cashflow
Cash Flow
$1,946 income − $2,859 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,946
Total Expenses
$2,859
Mortgage P&I
104%
$2,015
Property Taxes
7%
$145
Home Insurance
6%
$126
HOA
3%
$67
Property Management
10%
$195
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0