This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $75,936 initial cash invested.
-11.13%
Cash On Cash
4.76%
Cap Rate
0.71
DSCR
$2,584
Rent
-$704
Cashflow
Cash Flow
$2,584 income − $3,288 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,936
Downpayment
20%
$72,320
Closing costs
1%
$3,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,584
Total Expenses
$3,288
Mortgage P&I
78%
$2,010
Property Taxes
18%
$477
Home Insurance
5%
$130
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0