This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $75,243 initial cash invested.
-15.18%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$1,979
Rent
-$952
Cashflow
Cash Flow
$1,979 income − $2,931 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,243
Downpayment
20%
$71,660
Closing costs
1%
$3,583
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,931
Mortgage P&I
98%
$1,932
Property Taxes
18%
$348
Home Insurance
7%
$136
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0