This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $75,999 initial cash invested.
-17.45%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$1,870
Rent
-$1,105
Cashflow
Cash Flow
$1,870 income − $2,975 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,999
Downpayment
20%
$72,380
Closing costs
1%
$3,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,870
Total Expenses
$2,975
Mortgage P&I
99%
$1,854
Property Taxes
27%
$506
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0