This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $75,096 initial cash invested.
-13.18%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$1,899
Rent
-$825
Cashflow
Cash Flow
$1,899 income − $2,724 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,899
Total Expenses
$2,724
Mortgage P&I
101%
$1,921
Property Taxes
6%
$116
Home Insurance
7%
$126
HOA
4%
$67
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0