This property looks like a bad Long-Term investment with a projected -15.74% first-year return on $77,511 initial cash invested.
-15.74%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$1,952
Rent
-$1,017
Cashflow
Cash Flow
$1,952 income − $2,969 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,511
Downpayment
20%
$73,820
Closing costs
1%
$3,691
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$2,969
Mortgage P&I
105%
$2,043
Property Taxes
15%
$285
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0