This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $75,327 initial cash invested.
-7.58%
Cash On Cash
4.93%
Cap Rate
0.81
DSCR
$2,430
Rent
-$476
Cashflow
Cash Flow
$2,430 income − $2,906 expenses = $476 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,327
Downpayment
20%
$71,740
Closing costs
1%
$3,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,430
Total Expenses
$2,906
Mortgage P&I
75%
$1,827
Property Taxes
13%
$320
Home Insurance
5%
$126
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0