This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $76,230 initial cash invested.
-15.25%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$2,276
Rent
-$969
Cashflow
Cash Flow
$2,276 income − $3,245 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,276
Total Expenses
$3,245
Mortgage P&I
84%
$1,913
Property Taxes
27%
$606
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0