This property looks like a bad Long-Term investment with a projected -10.92% first-year return on $77,175 initial cash invested.
-10.92%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$2,621
Rent
-$702
Cashflow
Cash Flow
$2,621 income − $3,323 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$3,323
Mortgage P&I
76%
$1,994
Property Taxes
20%
$517
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0