This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $75,390 initial cash invested.
-9.77%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$2,236
Rent
-$614
Cashflow
Cash Flow
$2,236 income − $2,850 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,236
Total Expenses
$2,850
Mortgage P&I
89%
$1,984
Property Taxes
7%
$158
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0