This property looks like a bad Long-Term investment with a projected -16.32% first-year return on $77,301 initial cash invested.
-16.32%
Cash On Cash
3.69%
Cap Rate
0.55
DSCR
$2,740
Rent
-$1,051
Cashflow
Cash Flow
$2,740 income − $3,791 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,740
Total Expenses
$3,791
Mortgage P&I
75%
$2,045
Property Taxes
33%
$904
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0