This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $76,062 initial cash invested.
-15.57%
Cash On Cash
3.21%
Cap Rate
0.52
DSCR
$1,794
Rent
-$987
Cashflow
Cash Flow
$1,794 income − $2,781 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,062
Downpayment
20%
$72,440
Closing costs
1%
$3,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,794
Total Expenses
$2,781
Mortgage P&I
104%
$1,866
Property Taxes
19%
$336
Home Insurance
6%
$112
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0