This property looks like a bad Long-Term investment with a projected -1.11% first-year return on $75,957 initial cash invested.
-1.11%
Cash On Cash
6.99%
Cap Rate
1.04
DSCR
$3,131
Rent
-$70
Cashflow
Cash Flow
$3,131 income − $3,201 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,131
Total Expenses
$3,201
Mortgage P&I
65%
$2,021
Property Taxes
8%
$236
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0