This property looks like a bad Long-Term investment with a projected -5.39% first-year return on $77,427 initial cash invested.
-5.39%
Cash On Cash
5.39%
Cap Rate
0.89
DSCR
$2,730
Rent
-$348
Cashflow
Cash Flow
$2,730 income − $3,078 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,427
Downpayment
20%
$73,740
Closing costs
1%
$3,687
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,730
Total Expenses
$3,078
Mortgage P&I
68%
$1,868
Property Taxes
13%
$368
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$273
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0