This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $76,167 initial cash invested.
-7.94%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$3,033
Rent
-$504
Cashflow
Cash Flow
$3,033 income − $3,537 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$363k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,167
Downpayment
20%
$72,540
Closing costs
1%
$3,627
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,033
Total Expenses
$3,537
Mortgage P&I
65%
$1,962
Property Taxes
23%
$690
Home Insurance
3%
$96
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0