This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $77,238 initial cash invested.
-7.83%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$2,983
Rent
-$504
Cashflow
Cash Flow
$2,983 income − $3,487 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,238
Downpayment
20%
$73,560
Closing costs
1%
$3,678
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,983
Total Expenses
$3,487
Mortgage P&I
66%
$1,965
Property Taxes
20%
$595
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0