This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $75,327 initial cash invested.
-14.69%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,366
Rent
-$922
Cashflow
Cash Flow
$2,366 income − $3,288 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,327
Downpayment
20%
$71,740
Closing costs
1%
$3,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,366
Total Expenses
$3,288
Mortgage P&I
82%
$1,933
Property Taxes
26%
$612
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0