This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $77,070 initial cash invested.
-15.62%
Cash On Cash
3.34%
Cap Rate
0.53
DSCR
$1,938
Rent
-$1,003
Cashflow
Cash Flow
$1,938 income − $2,941 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,070
Downpayment
20%
$73,400
Closing costs
1%
$3,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$2,941
Mortgage P&I
99%
$1,927
Property Taxes
20%
$382
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0