This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $76,167 initial cash invested.
-15.66%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$1,950
Rent
-$994
Cashflow
Cash Flow
$1,950 income − $2,944 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$2,944
Mortgage P&I
102%
$1,985
Property Taxes
17%
$322
Home Insurance
7%
$129
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0