This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $77,070 initial cash invested.
-6.51%
Cash On Cash
5.61%
Cap Rate
0.86
DSCR
$2,985
Rent
-$418
Cashflow
Cash Flow
$2,985 income − $3,403 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,070
Downpayment
20%
$73,400
Closing costs
1%
$3,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,985
Total Expenses
$3,403
Mortgage P&I
67%
$1,985
Property Taxes
15%
$459
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0