This property looks like a bad Long-Term investment with a projected -2.38% first-year return on $76,272 initial cash invested.
-2.38%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$2,700
Rent
-$151
Cashflow
Cash Flow
$2,700 income − $2,851 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,272
Downpayment
20%
$72,640
Closing costs
1%
$3,632
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$2,851
Mortgage P&I
68%
$1,847
Property Taxes
6%
$171
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0