This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $75,453 initial cash invested.
-15.51%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$2,039
Rent
-$975
Cashflow
Cash Flow
$2,039 income − $3,014 expenses = $975 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
$2,039
Total Expenses
$3,014
Mortgage P&I
96%
$1,959
Property Taxes
19%
$393
Home Insurance
6%
$129
HOA
0%
$3
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0