This property looks like a bad Long-Term investment with a projected -13.86% first-year return on $76,608 initial cash invested.
-13.86%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,055
Rent
-$885
Cashflow
Cash Flow
$2,055 income − $2,940 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,608
Downpayment
20%
$72,960
Closing costs
1%
$3,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$2,940
Mortgage P&I
97%
$1,998
Property Taxes
10%
$208
Home Insurance
7%
$136
HOA
3%
$63
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0