This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $76,734 initial cash invested.
-7.88%
Cash On Cash
5%
Cap Rate
0.8
DSCR
$2,480
Rent
-$504
Cashflow
Cash Flow
$2,480 income − $2,984 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,734
Downpayment
20%
$73,080
Closing costs
1%
$3,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$2,984
Mortgage P&I
77%
$1,902
Property Taxes
12%
$306
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0