This property looks like a bad Long-Term investment with a projected -10.53% first-year return on $76,482 initial cash invested.
-10.53%
Cash On Cash
4.22%
Cap Rate
0.69
DSCR
$2,097
Rent
-$671
Cashflow
Cash Flow
$2,097 income − $2,768 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,482
Downpayment
20%
$72,840
Closing costs
1%
$3,642
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$2,768
Mortgage P&I
88%
$1,848
Property Taxes
11%
$221
Home Insurance
6%
$130
HOA
1%
$23
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0