This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $75,243 initial cash invested.
-5.68%
Cash On Cash
5.36%
Cap Rate
0.87
DSCR
$2,521
Rent
-$356
Cashflow
Cash Flow
$2,521 income − $2,877 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,243
Downpayment
20%
$71,660
Closing costs
1%
$3,583
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,521
Total Expenses
$2,877
Mortgage P&I
73%
$1,829
Property Taxes
11%
$267
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0