This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $75,831 initial cash invested.
-11.9%
Cash On Cash
3.85%
Cap Rate
0.64
DSCR
$1,750
Rent
-$752
Cashflow
Cash Flow
$1,750 income − $2,502 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,831
Downpayment
20%
$72,220
Closing costs
1%
$3,611
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,750
Total Expenses
$2,502
Mortgage P&I
104%
$1,824
Property Taxes
5%
$87
Home Insurance
8%
$135
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0