This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $75,852 initial cash invested.
-14.7%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$1,650
Rent
-$929
Cashflow
Cash Flow
$1,650 income − $2,579 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,852
Downpayment
20%
$72,240
Closing costs
1%
$3,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$2,579
Mortgage P&I
118%
$1,941
Property Taxes
4%
$60
Home Insurance
9%
$150
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0