This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $75,432 initial cash invested.
-15.03%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$2,181
Rent
-$945
Cashflow
Cash Flow
$2,181 income − $3,126 expenses = $945 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
$2,181
Total Expenses
$3,126
Mortgage P&I
90%
$1,972
Property Taxes
18%
$382
Home Insurance
6%
$122
HOA
4%
$83
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0