This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $75,117 initial cash invested.
-9.52%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$1,957
Rent
-$596
Cashflow
Cash Flow
$1,957 income − $2,553 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,117
Downpayment
20%
$71,540
Closing costs
1%
$3,577
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,957
Total Expenses
$2,553
Mortgage P&I
98%
$1,910
Property Taxes
0%
$9
Home Insurance
6%
$125
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0