This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $76,608 initial cash invested.
-11.78%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$2,530
Rent
-$752
Cashflow
Cash Flow
$2,530 income − $3,282 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,608
Downpayment
20%
$72,960
Closing costs
1%
$3,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,530
Total Expenses
$3,282
Mortgage P&I
81%
$2,057
Property Taxes
17%
$437
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0