This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $75,726 initial cash invested.
-11.65%
Cash On Cash
4.16%
Cap Rate
0.66
DSCR
$2,012
Rent
-$735
Cashflow
Cash Flow
$2,012 income − $2,747 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,726
Downpayment
20%
$72,120
Closing costs
1%
$3,606
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,012
Total Expenses
$2,747
Mortgage P&I
94%
$1,883
Property Taxes
10%
$207
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0