This property looks like a bad Long-Term investment with a projected -8.17% first-year return on $77,280 initial cash invested.
-8.17%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$2,388
Rent
-$526
Cashflow
Cash Flow
$2,388 income − $2,914 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$2,914
Mortgage P&I
84%
$2,005
Property Taxes
6%
$140
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0