This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $75,075 initial cash invested.
-9.45%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$2,035
Rent
-$591
Cashflow
Cash Flow
$2,035 income − $2,626 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,075
Downpayment
20%
$71,500
Closing costs
1%
$3,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,035
Total Expenses
$2,626
Mortgage P&I
91%
$1,855
Property Taxes
6%
$115
Home Insurance
6%
$126
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0