This property looks like a bad Long-Term investment with a projected -16.99% first-year return on $76,650 initial cash invested.
-16.99%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$1,511
Rent
-$1,085
Cashflow
Cash Flow
$1,511 income − $2,596 expenses = $1,085 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,511
Total Expenses
$2,596
Mortgage P&I
130%
$1,960
Property Taxes
8%
$114
Home Insurance
8%
$128
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0