This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $76,125 initial cash invested.
-10.55%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$2,086
Rent
-$669
Cashflow
Cash Flow
$2,086 income − $2,755 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,125
Downpayment
20%
$72,500
Closing costs
1%
$3,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$2,755
Mortgage P&I
96%
$2,003
Property Taxes
4%
$81
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0