This property looks like a bad Long-Term investment with a projected -13.08% first-year return on $76,440 initial cash invested.
-13.08%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$1,665
Rent
-$833
Cashflow
Cash Flow
$1,665 income − $2,498 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,440
Downpayment
20%
$72,800
Closing costs
1%
$3,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,665
Total Expenses
$2,498
Mortgage P&I
114%
$1,902
Property Taxes
2%
$37
Home Insurance
8%
$127
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0