This property looks like a bad Long-Term investment with a projected -4.73% first-year return on $76,566 initial cash invested.
-4.73%
Cash On Cash
6.16%
Cap Rate
0.92
DSCR
$2,671
Rent
-$302
Cashflow
Cash Flow
$2,671 income − $2,973 expenses = $302 out of pocket
Investment Breakdown
|
Purchase Price
$365k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$76,566
Downpayment
20%
$72,920
Closing costs
1%
$3,646
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,671
Total Expenses
$2,973
Mortgage P&I
76%
$2,041
Property Taxes
6%
$149
Home Insurance
3%
$88
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0