This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $77,028 initial cash invested.
-9.18%
Cash On Cash
4.85%
Cap Rate
0.77
DSCR
$2,837
Rent
-$589
Cashflow
Cash Flow
$2,837 income − $3,426 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,837
Total Expenses
$3,426
Mortgage P&I
68%
$1,931
Property Taxes
22%
$626
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0