This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $76,650 initial cash invested.
-13.65%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$2,000
Rent
-$872
Cashflow
Cash Flow
$2,000 income − $2,872 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$2,872
Mortgage P&I
100%
$1,992
Property Taxes
9%
$180
Home Insurance
6%
$128
HOA
3%
$52
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0