This property looks like a bad Long-Term investment with a projected -8.61% first-year return on $77,175 initial cash invested.
-8.61%
Cash On Cash
4.94%
Cap Rate
0.77
DSCR
$2,215
Rent
-$554
Cashflow
Cash Flow
$2,215 income − $2,769 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,175
Downpayment
20%
$73,500
Closing costs
1%
$3,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$2,769
Mortgage P&I
88%
$1,955
Property Taxes
5%
$108
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0