This property looks like a bad Long-Term investment with a projected -7.12% first-year return on $76,650 initial cash invested.
-7.12%
Cash On Cash
5.02%
Cap Rate
0.82
DSCR
$2,333
Rent
-$455
Cashflow
Cash Flow
$2,333 income − $2,788 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$2,788
Mortgage P&I
80%
$1,865
Property Taxes
8%
$188
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0