This property looks like a bad Long-Term investment with a projected -3.76% first-year return on $77,322 initial cash invested.
-3.76%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$3,395
Rent
-$242
Cashflow
Cash Flow
$3,395 income − $3,637 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,322
Downpayment
20%
$73,640
Closing costs
1%
$3,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,395
Total Expenses
$3,637
Mortgage P&I
56%
$1,888
Property Taxes
22%
$732
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0