This property looks like a bad Long-Term investment with a projected -8.92% first-year return on $75,201 initial cash invested.
-8.92%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$2,271
Rent
-$559
Cashflow
Cash Flow
$2,271 income − $2,830 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,271
Total Expenses
$2,830
Mortgage P&I
86%
$1,944
Property Taxes
6%
$128
Home Insurance
6%
$126
HOA
2%
$41
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0