This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $76,209 initial cash invested.
-6.83%
Cash On Cash
5.33%
Cap Rate
0.85
DSCR
$2,982
Rent
-$434
Cashflow
Cash Flow
$2,982 income − $3,416 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,209
Downpayment
20%
$72,580
Closing costs
1%
$3,629
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,982
Total Expenses
$3,416
Mortgage P&I
64%
$1,897
Property Taxes
21%
$615
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0