This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $77,490 initial cash invested.
-14.46%
Cash On Cash
3.33%
Cap Rate
0.55
DSCR
$1,621
Rent
-$934
Cashflow
Cash Flow
$1,621 income − $2,555 expenses = $934 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,621
Total Expenses
$2,555
Mortgage P&I
116%
$1,876
Property Taxes
8%
$129
Home Insurance
8%
$129
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0