This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $76,587 initial cash invested.
-7.4%
Cash On Cash
5.15%
Cap Rate
0.81
DSCR
$2,299
Rent
-$472
Cashflow
Cash Flow
$2,299 income − $2,771 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,587
Downpayment
20%
$72,940
Closing costs
1%
$3,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,299
Total Expenses
$2,771
Mortgage P&I
84%
$1,923
Property Taxes
5%
$115
Home Insurance
6%
$135
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0