This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $75,810 initial cash invested.
-12.27%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$2,046
Rent
-$775
Cashflow
Cash Flow
$2,046 income − $2,821 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,810
Downpayment
20%
$72,200
Closing costs
1%
$3,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$2,821
Mortgage P&I
89%
$1,831
Property Taxes
16%
$329
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0