This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $75,789 initial cash invested.
-8.76%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$2,351
Rent
-$553
Cashflow
Cash Flow
$2,351 income − $2,904 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,789
Downpayment
20%
$72,180
Closing costs
1%
$3,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$2,904
Mortgage P&I
85%
$2,005
Property Taxes
7%
$159
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0