This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $76,650 initial cash invested.
-12.2%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,392
Rent
-$779
Cashflow
Cash Flow
$2,392 income − $3,171 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,650
Downpayment
20%
$73,000
Closing costs
1%
$3,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$3,171
Mortgage P&I
82%
$1,960
Property Taxes
19%
$445
Home Insurance
5%
$128
HOA
1%
$15
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0