This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $77,532 initial cash invested.
-12.35%
Cash On Cash
3.87%
Cap Rate
0.63
DSCR
$1,799
Rent
-$798
Cashflow
Cash Flow
$1,799 income − $2,597 expenses = $798 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,532
Downpayment
20%
$73,840
Closing costs
1%
$3,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,799
Total Expenses
$2,597
Mortgage P&I
106%
$1,900
Property Taxes
5%
$96
Home Insurance
7%
$133
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0