This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $75,180 initial cash invested.
-12.1%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$1,961
Rent
-$758
Cashflow
Cash Flow
$1,961 income − $2,719 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$2,719
Mortgage P&I
94%
$1,842
Property Taxes
12%
$242
Home Insurance
6%
$125
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0