This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $77,574 initial cash invested.
-10.58%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,185
Rent
-$684
Cashflow
Cash Flow
$2,185 income − $2,869 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,574
Downpayment
20%
$73,880
Closing costs
1%
$3,694
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,185
Total Expenses
$2,869
Mortgage P&I
92%
$2,008
Property Taxes
7%
$161
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0