This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $77,406 initial cash invested.
-9.12%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$2,560
Rent
-$588
Cashflow
Cash Flow
$2,560 income − $3,148 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,406
Downpayment
20%
$73,720
Closing costs
1%
$3,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,560
Total Expenses
$3,148
Mortgage P&I
76%
$1,949
Property Taxes
15%
$393
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0