This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $77,112 initial cash invested.
-7.45%
Cash On Cash
4.87%
Cap Rate
0.81
DSCR
$2,497
Rent
-$479
Cashflow
Cash Flow
$2,497 income − $2,976 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,112
Downpayment
20%
$73,440
Closing costs
1%
$3,672
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,497
Total Expenses
$2,976
Mortgage P&I
74%
$1,845
Property Taxes
14%
$350
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0