This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $76,650 initial cash invested.
-10.3%
Cash On Cash
4.63%
Cap Rate
0.72
DSCR
$2,411
Rent
-$658
Cashflow
Cash Flow
$2,411 income − $3,069 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$3,069
Mortgage P&I
81%
$1,945
Property Taxes
15%
$368
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0