This property looks like a bad Long-Term investment with a projected -8.56% first-year return on $75,390 initial cash invested.
-8.56%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$2,084
Rent
-$538
Cashflow
Cash Flow
$2,084 income − $2,622 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,084
Total Expenses
$2,622
Mortgage P&I
94%
$1,951
Property Taxes
0%
$4
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0