This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $76,566 initial cash invested.
-10.75%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$2,134
Rent
-$686
Cashflow
Cash Flow
$2,134 income − $2,820 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,134
Total Expenses
$2,820
Mortgage P&I
93%
$1,994
Property Taxes
7%
$142
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0