This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $76,734 initial cash invested.
-13.93%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$2,303
Rent
-$891
Cashflow
Cash Flow
$2,303 income − $3,194 expenses = $891 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,734
Downpayment
20%
$73,080
Closing costs
1%
$3,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,303
Total Expenses
$3,194
Mortgage P&I
86%
$1,977
Property Taxes
20%
$470
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0