This property looks like a bad Long-Term investment with a projected -11.33% first-year return on $75,222 initial cash invested.
-11.33%
Cash On Cash
4.56%
Cap Rate
0.69
DSCR
$2,101
Rent
-$710
Cashflow
Cash Flow
$2,101 income − $2,811 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$2,811
Mortgage P&I
94%
$1,965
Property Taxes
6%
$125
Home Insurance
6%
$125
HOA
2%
$50
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0