This property looks like a bad Long-Term investment with a projected -3.63% first-year return on $76,419 initial cash invested.
-3.63%
Cash On Cash
5.8%
Cap Rate
0.95
DSCR
$2,854
Rent
-$231
Cashflow
Cash Flow
$2,854 income − $3,085 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,419
Downpayment
20%
$72,780
Closing costs
1%
$3,639
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,854
Total Expenses
$3,085
Mortgage P&I
65%
$1,846
Property Taxes
14%
$392
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0