This property looks like a bad Long-Term investment with a projected -10.1% first-year return on $76,020 initial cash invested.
-10.1%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$2,240
Rent
-$640
Cashflow
Cash Flow
$2,240 income − $2,880 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,240
Total Expenses
$2,880
Mortgage P&I
83%
$1,865
Property Taxes
12%
$258
Home Insurance
6%
$130
HOA
2%
$45
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0