This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $75,999 initial cash invested.
-9.81%
Cash On Cash
4.45%
Cap Rate
0.72
DSCR
$2,096
Rent
-$621
Cashflow
Cash Flow
$2,096 income − $2,717 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,999
Downpayment
20%
$72,380
Closing costs
1%
$3,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,096
Total Expenses
$2,717
Mortgage P&I
89%
$1,858
Property Taxes
9%
$191
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0