This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $76,230 initial cash invested.
-13.49%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,095
Rent
-$857
Cashflow
Cash Flow
$2,095 income − $2,952 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,095
Total Expenses
$2,952
Mortgage P&I
89%
$1,869
Property Taxes
19%
$406
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0