This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $77,133 initial cash invested.
-14.5%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$2,058
Rent
-$932
Cashflow
Cash Flow
$2,058 income − $2,990 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,133
Downpayment
20%
$73,460
Closing costs
1%
$3,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,058
Total Expenses
$2,990
Mortgage P&I
97%
$1,988
Property Taxes
16%
$338
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0