This property looks like a bad Long-Term investment with a projected -4.97% first-year return on $76,986 initial cash invested.
-4.97%
Cash On Cash
5.95%
Cap Rate
0.91
DSCR
$2,595
Rent
-$319
Cashflow
Cash Flow
$2,595 income − $2,914 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,986
Downpayment
20%
$73,320
Closing costs
1%
$3,666
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,595
Total Expenses
$2,914
Mortgage P&I
77%
$2,007
Property Taxes
3%
$72
Home Insurance
6%
$159
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0