This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $77,301 initial cash invested.
-10.06%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$2,264
Rent
-$648
Cashflow
Cash Flow
$2,264 income − $2,912 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$2,912
Mortgage P&I
88%
$2,001
Property Taxes
8%
$190
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0