This property looks like a bad Long-Term investment with a projected -16.15% first-year return on $77,280 initial cash invested.
-16.15%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$1,795
Rent
-$1,040
Cashflow
Cash Flow
$1,795 income − $2,835 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,280
Downpayment
20%
$73,600
Closing costs
1%
$3,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$2,835
Mortgage P&I
115%
$2,058
Property Taxes
10%
$176
Home Insurance
7%
$129
HOA
0%
$4
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0