This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $77,469 initial cash invested.
-11.11%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$2,199
Rent
-$717
Cashflow
Cash Flow
$2,199 income − $2,916 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,469
Downpayment
20%
$73,780
Closing costs
1%
$3,689
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,199
Total Expenses
$2,916
Mortgage P&I
92%
$2,018
Property Taxes
8%
$181
Home Insurance
6%
$130
HOA
1%
$15
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0