This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $77,301 initial cash invested.
-12.64%
Cash On Cash
4.28%
Cap Rate
0.66
DSCR
$2,620
Rent
-$814
Cashflow
Cash Flow
$2,620 income − $3,434 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$368k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,301
Downpayment
20%
$73,620
Closing costs
1%
$3,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,620
Total Expenses
$3,434
Mortgage P&I
76%
$1,997
Property Taxes
24%
$628
Home Insurance
5%
$128
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0