This property looks like a bad Long-Term investment with a projected -7.41% first-year return on $75,768 initial cash invested.
-7.41%
Cash On Cash
5.4%
Cap Rate
0.83
DSCR
$2,609
Rent
-$468
Cashflow
Cash Flow
$2,609 income − $3,077 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,768
Downpayment
20%
$72,160
Closing costs
1%
$3,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$3,077
Mortgage P&I
75%
$1,961
Property Taxes
9%
$246
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0