This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $75,096 initial cash invested.
-12.08%
Cash On Cash
3.98%
Cap Rate
0.64
DSCR
$1,932
Rent
-$756
Cashflow
Cash Flow
$1,932 income − $2,688 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,096
Downpayment
20%
$71,520
Closing costs
1%
$3,576
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,932
Total Expenses
$2,688
Mortgage P&I
96%
$1,846
Property Taxes
11%
$211
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0