This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $75,096 initial cash invested.
-11.15%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$2,602
Rent
-$698
Cashflow
Cash Flow
$2,602 income − $3,300 expenses = $698 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,602
Total Expenses
$3,300
Mortgage P&I
74%
$1,921
Property Taxes
22%
$575
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0