This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $75,159 initial cash invested.
-10.31%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$2,155
Rent
-$646
Cashflow
Cash Flow
$2,155 income − $2,801 expenses = $646 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,159
Downpayment
20%
$71,580
Closing costs
1%
$3,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,155
Total Expenses
$2,801
Mortgage P&I
88%
$1,888
Property Taxes
10%
$224
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0