This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $76,167 initial cash invested.
-12.1%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$2,111
Rent
-$768
Cashflow
Cash Flow
$2,111 income − $2,879 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$2,879
Mortgage P&I
88%
$1,850
Property Taxes
16%
$348
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0