This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $75,789 initial cash invested.
-7.43%
Cash On Cash
4.98%
Cap Rate
0.81
DSCR
$2,368
Rent
-$469
Cashflow
Cash Flow
$2,368 income − $2,837 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,789
Downpayment
20%
$72,180
Closing costs
1%
$3,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,368
Total Expenses
$2,837
Mortgage P&I
78%
$1,848
Property Taxes
10%
$244
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0