This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $75,201 initial cash invested.
-3.53%
Cash On Cash
6.58%
Cap Rate
0.98
DSCR
$3,667
Rent
-$221
Cashflow
Cash Flow
$3,667 income − $3,888 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,201
Downpayment
20%
$71,620
Closing costs
1%
$3,581
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,667
Total Expenses
$3,888
Mortgage P&I
55%
$2,003
Property Taxes
22%
$802
Home Insurance
4%
$130
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0