This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $77,175 initial cash invested.
-10.92%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,128
Rent
-$702
Cashflow
Cash Flow
$2,128 income − $2,830 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,128
Total Expenses
$2,830
Mortgage P&I
94%
$1,995
Property Taxes
7%
$152
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0