This property looks like a bad Long-Term investment with a projected -1.37% first-year return on $75,159 initial cash invested.
-1.37%
Cash On Cash
6.34%
Cap Rate
1.04
DSCR
$3,275
Rent
-$86
Cashflow
Cash Flow
$3,275 income − $3,361 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,275
Total Expenses
$3,361
Mortgage P&I
55%
$1,812
Property Taxes
17%
$572
Home Insurance
4%
$125
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0