This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $75,390 initial cash invested.
-15.95%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$1,863
Rent
-$1,002
Cashflow
Cash Flow
$1,863 income − $2,865 expenses = $1,002 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
$1,863
Total Expenses
$2,865
Mortgage P&I
106%
$1,971
Property Taxes
15%
$284
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0