This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $76,629 initial cash invested.
-11.42%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,313
Rent
-$729
Cashflow
Cash Flow
$2,313 income − $3,042 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,629
Downpayment
20%
$72,980
Closing costs
1%
$3,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,313
Total Expenses
$3,042
Mortgage P&I
86%
$1,980
Property Taxes
14%
$332
Home Insurance
6%
$128
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0