This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $76,041 initial cash invested.
-13.81%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,068
Rent
-$875
Cashflow
Cash Flow
$2,068 income − $2,943 expenses = $875 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,041
Downpayment
20%
$72,420
Closing costs
1%
$3,621
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,068
Total Expenses
$2,943
Mortgage P&I
96%
$1,979
Property Taxes
14%
$289
Home Insurance
6%
$131
HOA
0%
$7
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0