This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $77,049 initial cash invested.
-13.81%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$2,114
Rent
-$887
Cashflow
Cash Flow
$2,114 income − $3,001 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,049
Downpayment
20%
$73,380
Closing costs
1%
$3,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,114
Total Expenses
$3,001
Mortgage P&I
96%
$2,027
Property Taxes
12%
$259
Home Insurance
6%
$130
HOA
2%
$35
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0