This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $77,217 initial cash invested.
-6.19%
Cash On Cash
5.36%
Cap Rate
0.86
DSCR
$2,399
Rent
-$398
Cashflow
Cash Flow
$2,399 income − $2,797 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,217
Downpayment
20%
$73,540
Closing costs
1%
$3,677
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,399
Total Expenses
$2,797
Mortgage P&I
80%
$1,919
Property Taxes
5%
$121
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0