This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $77,574 initial cash invested.
-10.24%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$2,372
Rent
-$662
Cashflow
Cash Flow
$2,372 income − $3,034 expenses = $662 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
$2,372
Total Expenses
$3,034
Mortgage P&I
85%
$2,005
Property Taxes
12%
$291
Home Insurance
5%
$114
HOA
0%
$7
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0