This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $77,427 initial cash invested.
-12.71%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,499
Rent
-$820
Cashflow
Cash Flow
$2,499 income − $3,319 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,427
Downpayment
20%
$73,740
Closing costs
1%
$3,687
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,499
Total Expenses
$3,319
Mortgage P&I
80%
$2,001
Property Taxes
21%
$533
Home Insurance
5%
$119
HOA
1%
$16
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0