This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $77,553 initial cash invested.
-13.9%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$1,955
Rent
-$898
Cashflow
Cash Flow
$1,955 income − $2,853 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,553
Downpayment
20%
$73,860
Closing costs
1%
$3,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,955
Total Expenses
$2,853
Mortgage P&I
97%
$1,889
Property Taxes
15%
$284
Home Insurance
7%
$131
HOA
2%
$40
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0