This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $75,306 initial cash invested.
-12.54%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$1,954
Rent
-$787
Cashflow
Cash Flow
$1,954 income − $2,741 expenses = $787 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,306
Downpayment
20%
$71,720
Closing costs
1%
$3,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$2,741
Mortgage P&I
94%
$1,841
Property Taxes
14%
$264
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0