This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $76,629 initial cash invested.
-5.25%
Cash On Cash
5.43%
Cap Rate
0.89
DSCR
$2,478
Rent
-$335
Cashflow
Cash Flow
$2,478 income − $2,813 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$2,813
Mortgage P&I
75%
$1,862
Property Taxes
7%
$176
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0