This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $75,390 initial cash invested.
-12.07%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$2,205
Rent
-$758
Cashflow
Cash Flow
$2,205 income − $2,963 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,390
Downpayment
20%
$71,800
Closing costs
1%
$3,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$2,963
Mortgage P&I
88%
$1,939
Property Taxes
15%
$331
Home Insurance
5%
$121
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0