This property looks like a bad Long-Term investment with a projected -13% first-year return on $76,503 initial cash invested.
-13%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$2,232
Rent
-$829
Cashflow
Cash Flow
$2,232 income − $3,061 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,503
Downpayment
20%
$72,860
Closing costs
1%
$3,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$3,061
Mortgage P&I
88%
$1,972
Property Taxes
17%
$380
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0