This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $76,020 initial cash invested.
-12.61%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,557
Rent
-$799
Cashflow
Cash Flow
$2,557 income − $3,356 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,020
Downpayment
20%
$72,400
Closing costs
1%
$3,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$3,356
Mortgage P&I
77%
$1,963
Property Taxes
24%
$601
Home Insurance
5%
$127
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0