This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $75,957 initial cash invested.
-14.09%
Cash On Cash
3.52%
Cap Rate
0.57
DSCR
$1,994
Rent
-$892
Cashflow
Cash Flow
$1,994 income − $2,886 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$362k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,957
Downpayment
20%
$72,340
Closing costs
1%
$3,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$2,886
Mortgage P&I
93%
$1,854
Property Taxes
19%
$384
Home Insurance
6%
$129
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0