This property looks like a bad Long-Term investment with a projected -7.23% first-year return on $75,474 initial cash invested.
-7.23%
Cash On Cash
5.45%
Cap Rate
0.83
DSCR
$2,495
Rent
-$455
Cashflow
Cash Flow
$2,495 income − $2,950 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,474
Downpayment
20%
$71,880
Closing costs
1%
$3,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,495
Total Expenses
$2,950
Mortgage P&I
79%
$1,961
Property Taxes
9%
$220
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0