This property looks like a bad Long-Term investment with a projected -12.85% first-year return on $75,180 initial cash invested.
-12.85%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,388
Rent
-$805
Cashflow
Cash Flow
$2,388 income − $3,193 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,388
Total Expenses
$3,193
Mortgage P&I
82%
$1,948
Property Taxes
20%
$481
Home Insurance
5%
$129
HOA
1%
$15
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0