This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $76,545 initial cash invested.
-15.35%
Cash On Cash
3.54%
Cap Rate
0.56
DSCR
$2,441
Rent
-$979
Cashflow
Cash Flow
$2,441 income − $3,420 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,545
Downpayment
20%
$72,900
Closing costs
1%
$3,645
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,441
Total Expenses
$3,420
Mortgage P&I
79%
$1,931
Property Taxes
29%
$715
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0