This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $75,369 initial cash invested.
-13.95%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$1,862
Rent
-$876
Cashflow
Cash Flow
$1,862 income − $2,738 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,862
Total Expenses
$2,738
Mortgage P&I
105%
$1,948
Property Taxes
9%
$166
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0