This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $75,222 initial cash invested.
-11.85%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$2,144
Rent
-$743
Cashflow
Cash Flow
$2,144 income − $2,887 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,222
Downpayment
20%
$71,640
Closing costs
1%
$3,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,144
Total Expenses
$2,887
Mortgage P&I
91%
$1,947
Property Taxes
12%
$255
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0