This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $76,419 initial cash invested.
-13.6%
Cash On Cash
4.13%
Cap Rate
0.62
DSCR
$2,132
Rent
-$866
Cashflow
Cash Flow
$2,132 income − $2,998 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,419
Downpayment
20%
$72,780
Closing costs
1%
$3,639
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,132
Total Expenses
$2,998
Mortgage P&I
94%
$2,011
Property Taxes
14%
$305
Home Insurance
6%
$127
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0