This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $75,747 initial cash invested.
-15.34%
Cash On Cash
3.86%
Cap Rate
0.57
DSCR
$1,966
Rent
-$968
Cashflow
Cash Flow
$1,966 income − $2,934 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,747
Downpayment
20%
$72,140
Closing costs
1%
$3,607
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,966
Total Expenses
$2,934
Mortgage P&I
103%
$2,030
Property Taxes
13%
$265
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0