This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $77,490 initial cash invested.
-8.21%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$2,674
Rent
-$530
Cashflow
Cash Flow
$2,674 income − $3,204 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$3,204
Mortgage P&I
76%
$2,020
Property Taxes
13%
$360
Home Insurance
5%
$129
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0