This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $77,427 initial cash invested.
-13.39%
Cash On Cash
3.69%
Cap Rate
0.6
DSCR
$2,221
Rent
-$864
Cashflow
Cash Flow
$2,221 income − $3,085 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,427
Downpayment
20%
$73,740
Closing costs
1%
$3,687
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,221
Total Expenses
$3,085
Mortgage P&I
85%
$1,887
Property Taxes
22%
$485
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0