This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $76,902 initial cash invested.
-14.23%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$2,087
Rent
-$912
Cashflow
Cash Flow
$2,087 income − $2,999 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,902
Downpayment
20%
$73,240
Closing costs
1%
$3,662
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,087
Total Expenses
$2,999
Mortgage P&I
96%
$1,995
Property Taxes
17%
$345
Home Insurance
6%
$117
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0