This property looks like a bad Long-Term investment with a projected -5% first-year return on $77,490 initial cash invested.
-5%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$2,901
Rent
-$323
Cashflow
Cash Flow
$2,901 income − $3,224 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$369k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$77,490
Downpayment
20%
$73,800
Closing costs
1%
$3,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$3,224
Mortgage P&I
70%
$2,045
Property Taxes
10%
$296
Home Insurance
4%
$129
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0