This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $75,432 initial cash invested.
-4.52%
Cash On Cash
6.12%
Cap Rate
0.93
DSCR
$3,106
Rent
-$284
Cashflow
Cash Flow
$3,106 income − $3,390 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,432
Downpayment
20%
$71,840
Closing costs
1%
$3,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,106
Total Expenses
$3,390
Mortgage P&I
63%
$1,960
Property Taxes
15%
$476
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0