This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $77,133 initial cash invested.
-14.08%
Cash On Cash
4.19%
Cap Rate
0.62
DSCR
$2,665
Rent
-$905
Cashflow
Cash Flow
$2,665 income − $3,570 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,133
Downpayment
20%
$73,460
Closing costs
1%
$3,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,665
Total Expenses
$3,570
Mortgage P&I
77%
$2,054
Property Taxes
26%
$694
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0