This property looks like a bad Long-Term investment with a projected -14.88% first-year return on $77,343 initial cash invested.
-14.88%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$2,218
Rent
-$959
Cashflow
Cash Flow
$2,218 income − $3,177 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,343
Downpayment
20%
$73,660
Closing costs
1%
$3,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$3,177
Mortgage P&I
88%
$1,960
Property Taxes
23%
$509
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0