This property looks like a bad Long-Term investment with a projected -12.67% first-year return on $77,028 initial cash invested.
-12.67%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,142
Rent
-$813
Cashflow
Cash Flow
$2,142 income − $2,955 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$367k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,028
Downpayment
20%
$73,360
Closing costs
1%
$3,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,142
Total Expenses
$2,955
Mortgage P&I
95%
$2,027
Property Taxes
11%
$240
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0