This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $75,831 initial cash invested.
-14.37%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$1,970
Rent
-$908
Cashflow
Cash Flow
$1,970 income − $2,878 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,831
Downpayment
20%
$72,220
Closing costs
1%
$3,611
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,970
Total Expenses
$2,878
Mortgage P&I
99%
$1,950
Property Taxes
14%
$284
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0