This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $75,180 initial cash invested.
-11.83%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$2,326
Rent
-$741
Cashflow
Cash Flow
$2,326 income − $3,067 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,326
Total Expenses
$3,067
Mortgage P&I
86%
$1,997
Property Taxes
15%
$340
Home Insurance
5%
$125
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0