This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $75,390 initial cash invested.
-10.39%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$2,041
Rent
-$653
Cashflow
Cash Flow
$2,041 income − $2,694 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,041
Total Expenses
$2,694
Mortgage P&I
97%
$1,978
Property Taxes
3%
$60
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0