This property looks like a bad Long-Term investment with a projected -22.09% first-year return on $75,390 initial cash invested.
-22.09%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$1,146
Rent
-$1,388
Cashflow
Cash Flow
$1,146 income − $2,534 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,146
Total Expenses
$2,534
Mortgage P&I
174%
$1,990
Property Taxes
10%
$120
Home Insurance
11%
$126
HOA
0%
$0
Property Management
10%
$115
CapEx
5%
$57
Vacancy
6%
$69
Maintenance
5%
$57
Other
0%
$0