This property looks like a bad Long-Term investment with a projected -19.09% first-year return on $75,999 initial cash invested.
-19.09%
Cash On Cash
3.07%
Cap Rate
0.45
DSCR
$2,004
Rent
-$1,209
Cashflow
Cash Flow
$2,004 income − $3,213 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,999
Downpayment
20%
$72,380
Closing costs
1%
$3,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$3,213
Mortgage P&I
101%
$2,034
Property Taxes
26%
$516
Home Insurance
6%
$129
HOA
1%
$14
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0