This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $77,217 initial cash invested.
-11.02%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$2,100
Rent
-$709
Cashflow
Cash Flow
$2,100 income − $2,809 expenses = $709 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,217
Downpayment
20%
$73,540
Closing costs
1%
$3,677
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$2,809
Mortgage P&I
95%
$1,993
Property Taxes
7%
$139
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0