This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $75,075 initial cash invested.
-8.5%
Cash On Cash
4.76%
Cap Rate
0.77
DSCR
$2,304
Rent
-$532
Cashflow
Cash Flow
$2,304 income − $2,836 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,075
Downpayment
20%
$71,500
Closing costs
1%
$3,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,304
Total Expenses
$2,836
Mortgage P&I
80%
$1,836
Property Taxes
12%
$274
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0