This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $77,028 initial cash invested.
-17.99%
Cash On Cash
3.22%
Cap Rate
0.48
DSCR
$2,047
Rent
-$1,155
Cashflow
Cash Flow
$2,047 income − $3,202 expenses = $1,155 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$3,202
Mortgage P&I
99%
$2,036
Property Taxes
13%
$260
Home Insurance
6%
$129
HOA
12%
$245
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0