This property looks like a bad Long-Term investment with a projected -4.01% first-year return on $76,650 initial cash invested.
-4.01%
Cash On Cash
5.89%
Cap Rate
0.94
DSCR
$2,778
Rent
-$256
Cashflow
Cash Flow
$2,778 income − $3,034 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,778
Total Expenses
$3,034
Mortgage P&I
69%
$1,909
Property Taxes
10%
$274
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0