This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $76,566 initial cash invested.
-8.89%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,377
Rent
-$567
Cashflow
Cash Flow
$2,377 income − $2,944 expenses = $567 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,377
Total Expenses
$2,944
Mortgage P&I
85%
$2,012
Property Taxes
8%
$182
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0