This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $75,810 initial cash invested.
-8.71%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$2,305
Rent
-$550
Cashflow
Cash Flow
$2,305 income − $2,855 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,810
Downpayment
20%
$72,200
Closing costs
1%
$3,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$2,855
Mortgage P&I
85%
$1,962
Property Taxes
7%
$164
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0