This property looks like a bad Long-Term investment with a projected -6.95% first-year return on $76,125 initial cash invested.
-6.95%
Cash On Cash
5.47%
Cap Rate
0.85
DSCR
$2,942
Rent
-$441
Cashflow
Cash Flow
$2,942 income − $3,383 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,125
Downpayment
20%
$72,500
Closing costs
1%
$3,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,942
Total Expenses
$3,383
Mortgage P&I
66%
$1,947
Property Taxes
18%
$535
Home Insurance
5%
$136
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0