This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $76,923 initial cash invested.
-4.49%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$2,979
Rent
-$288
Cashflow
Cash Flow
$2,979 income − $3,267 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$366k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,923
Downpayment
20%
$73,260
Closing costs
1%
$3,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,979
Total Expenses
$3,267
Mortgage P&I
63%
$1,879
Property Taxes
16%
$480
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0