This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $75,369 initial cash invested.
-13.17%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$2,679
Rent
-$827
Cashflow
Cash Flow
$2,679 income − $3,506 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,679
Total Expenses
$3,506
Mortgage P&I
74%
$1,983
Property Taxes
26%
$693
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0