This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $76,230 initial cash invested.
-14.15%
Cash On Cash
4.21%
Cap Rate
0.62
DSCR
$2,107
Rent
-$899
Cashflow
Cash Flow
$2,107 income − $3,006 expenses = $899 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,230
Downpayment
20%
$72,600
Closing costs
1%
$3,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$3,006
Mortgage P&I
98%
$2,068
Property Taxes
12%
$260
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0