This property looks like a bad Long-Term investment with a projected -10.95% first-year return on $77,490 initial cash invested.
-10.95%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$2,910
Rent
-$707
Cashflow
Cash Flow
$2,910 income − $3,617 expenses = $707 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,910
Total Expenses
$3,617
Mortgage P&I
69%
$2,005
Property Taxes
25%
$725
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0