This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $75,222 initial cash invested.
-13.11%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$1,742
Rent
-$822
Cashflow
Cash Flow
$1,742 income − $2,564 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,742
Total Expenses
$2,564
Mortgage P&I
107%
$1,863
Property Taxes
7%
$115
Home Insurance
8%
$133
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0