This property looks like a bad Long-Term investment with a projected -7.83% first-year return on $75,894 initial cash invested.
-7.83%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$2,337
Rent
-$495
Cashflow
Cash Flow
$2,337 income − $2,832 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,894
Downpayment
20%
$72,280
Closing costs
1%
$3,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,337
Total Expenses
$2,832
Mortgage P&I
85%
$1,979
Property Taxes
8%
$177
Home Insurance
3%
$68
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0