This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $75,222 initial cash invested.
-16.46%
Cash On Cash
3.09%
Cap Rate
0.49
DSCR
$1,619
Rent
-$1,032
Cashflow
Cash Flow
$1,619 income − $2,651 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,619
Total Expenses
$2,651
Mortgage P&I
116%
$1,872
Property Taxes
14%
$228
Home Insurance
8%
$130
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0