This property looks like a bad Long-Term investment with a projected -8.47% first-year return on $75,915 initial cash invested.
-8.47%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$2,319
Rent
-$536
Cashflow
Cash Flow
$2,319 income − $2,855 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,915
Downpayment
20%
$72,300
Closing costs
1%
$3,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,855
Mortgage P&I
86%
$1,995
Property Taxes
5%
$126
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0