This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $75,432 initial cash invested.
-4.63%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$2,818
Rent
-$291
Cashflow
Cash Flow
$2,818 income − $3,109 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,818
Total Expenses
$3,109
Mortgage P&I
68%
$1,915
Property Taxes
12%
$333
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0