This property looks like a bad Long-Term investment with a projected -9.39% first-year return on $75,432 initial cash invested.
-9.39%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$2,402
Rent
-$590
Cashflow
Cash Flow
$2,402 income − $2,992 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,432
Downpayment
20%
$71,840
Closing costs
1%
$3,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,402
Total Expenses
$2,992
Mortgage P&I
82%
$1,977
Property Taxes
11%
$260
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0