This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $75,180 initial cash invested.
-14.22%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$1,621
Rent
-$891
Cashflow
Cash Flow
$1,621 income − $2,512 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,621
Total Expenses
$2,512
Mortgage P&I
115%
$1,866
Property Taxes
6%
$100
Home Insurance
8%
$125
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0