This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $76,650 initial cash invested.
-12.93%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$2,406
Rent
-$826
Cashflow
Cash Flow
$2,406 income − $3,232 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,406
Total Expenses
$3,232
Mortgage P&I
83%
$1,986
Property Taxes
20%
$493
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0