This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $77,322 initial cash invested.
-11.78%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$2,359
Rent
-$759
Cashflow
Cash Flow
$2,359 income − $3,118 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,322
Downpayment
20%
$73,640
Closing costs
1%
$3,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,359
Total Expenses
$3,118
Mortgage P&I
85%
$1,997
Property Taxes
14%
$338
Home Insurance
6%
$131
HOA
2%
$38
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0