This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $77,049 initial cash invested.
-9.75%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$2,774
Rent
-$626
Cashflow
Cash Flow
$2,774 income − $3,400 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,049
Downpayment
20%
$73,380
Closing costs
1%
$3,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,774
Total Expenses
$3,400
Mortgage P&I
71%
$1,979
Property Taxes
21%
$570
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$139
Vacancy
6%
$166
Maintenance
5%
$139
Other
0%
$0