This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $77,091 initial cash invested.
-12.97%
Cash On Cash
4.41%
Cap Rate
0.66
DSCR
$2,606
Rent
-$833
Cashflow
Cash Flow
$2,606 income − $3,439 expenses = $833 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,091
Downpayment
20%
$73,420
Closing costs
1%
$3,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,606
Total Expenses
$3,439
Mortgage P&I
79%
$2,051
Property Taxes
22%
$580
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0