This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $76,986 initial cash invested.
-16.46%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$1,815
Rent
-$1,056
Cashflow
Cash Flow
$1,815 income − $2,871 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,986
Downpayment
20%
$73,320
Closing costs
1%
$3,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,871
Mortgage P&I
103%
$1,874
Property Taxes
22%
$394
Home Insurance
7%
$130
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0