This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $77,553 initial cash invested.
-14.58%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$1,903
Rent
-$942
Cashflow
Cash Flow
$1,903 income − $2,845 expenses = $942 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,903
Total Expenses
$2,845
Mortgage P&I
104%
$1,984
Property Taxes
12%
$225
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0