This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $75,285 initial cash invested.
-12.23%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$1,853
Rent
-$767
Cashflow
Cash Flow
$1,853 income − $2,620 expenses = $767 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,285
Downpayment
20%
$71,700
Closing costs
1%
$3,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,853
Total Expenses
$2,620
Mortgage P&I
104%
$1,929
Property Taxes
4%
$83
Home Insurance
7%
$126
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0