This property looks like a bad Long-Term investment with a projected -14.3% first-year return on $75,264 initial cash invested.
-14.3%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$2,013
Rent
-$897
Cashflow
Cash Flow
$2,013 income − $2,910 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,264
Downpayment
20%
$71,680
Closing costs
1%
$3,584
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$2,910
Mortgage P&I
96%
$1,927
Property Taxes
15%
$293
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0