This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $76,650 initial cash invested.
-19.05%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$1,834
Rent
-$1,217
Cashflow
Cash Flow
$1,834 income − $3,051 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,834
Total Expenses
$3,051
Mortgage P&I
109%
$2,006
Property Taxes
24%
$440
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0